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Tag: Japanesse

Economy and Finance

No lockdown, Japanese Economy Continues Recession

Japan's economy deepened. The economy contracted again in the second quarter of 2020 by -7.8% on a quarterly basis. Meanwhile, the second-quarter economy was -27.8% year-on-year or yoy. This happened because of the pandemic of the Corona virus that has disrupted the economy. The handling of Corona in Japan was praised by the Indonesian government for failing to achieve a total lockdown in dealing with the pandemic. However, economic activity continued to decline significantly as workers and consumers chose to stay at home. We got a big hit in April and May, but the economy we even reached had bottomed out in May, and in June a pretty big revival, "said Izumi Devalier, the main Japanese economist at Bank of America Merrill Lynch. Times Although the abyss of dein goes recession towards ...