Japan: the global economy has faced the worst crisis since World War II

US, WASHINGTON (ORDO NEWS) — The world economy is on the verge of a severe crisis since World War II because of the coronavirus, said Japanese Foreign Minister Toshimitsu Motegi.

The coronavirus pandemic has a very serious impact on the global economy, as well as the Japanese economy, Motegi said. The Japanese government intends to increase the amount of anti-crisis support for the economy from 108 trillion yen to 117.1 trillion yen ($ 1.09 trillion).

Meanwhile, a number of Japanese experts believe that this money is not enough and the unemployment rate in Japan will rise in the IV quarter to 2.72%, which is 1.56 million more than in the IV quarter of 2019. This means that the situation may be worse than in the crisis of 2008-2009.

According to the latest data, 10797 cases of coronavirus infection were noted in Japan, 236 people died, 1159 patients recovered.

The Japanese government decided in May to begin direct payments to all citizens of the country. The lump sum payment will be 100 thousand yen ($ 927).

In Japan, an emergency mode (emergency) was introduced throughout the country on April 17. Prior to this, the emergency mode operated in only seven prefectures. Local authorities may urge residents to stay home, and companies may suspend work, but such measures are not yet binding.


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