Topic Reading-Vol.3056-8/23/2020

MEL School 三鷹

0422-27-5366

メールでのお問い合わせ

〒180-0006 東京都武蔵野市中町2-3-5 IIHA武蔵野1階

電話受付/月〜金 9:00-18:00

lv1

Topic Reading-Vol.3056-8/23/2020

英語で世界を知ろう！Topic Reading

2020/08/23 Topic Reading-Vol.3056-8/23/2020

Dear MEL Topic Readers,

Coronavirus: Japan suffers its biggest economic slump on record

Japan’s economy had been struggling even before the coronavirus pandemic. So, it is not surprising that the country’s economy shrunk the largest in recent months. Indeed, Japan’s GDP declined by 27.8% on an annual basis during the April-June quarter from the previous period.

Yes, there was a sales tax hike from 8% to 10% last year, which might have had some impact on the economy in the October-December quarter. But the economy of the world’s third-largest GDP has been declining even without the impacts of sales tax or the novel virus. Why? Most of the service, commodity, real estate, property prices haven’t risen for some time except in downtown Tokyo and some other prime locations but only in major cities like Osaka, Yokohama, or Nagoya. As the population has been declining much faster than predicted (or hoped), Japan’s society is aging faster than most other countries. In fact, the number of newborn babies last year was less than half of the baby-boomers era. So, even when the pandemic ends, how much recovery or new investment can be expected under the new norm?

Read the article and think about where Japan will go after the pandemic.

https://www.bbc.com/news/business-53802967

MEL School 三鷹
電話：0422-27-5366
住所 〒181-0013 東京都三鷹市下連雀3-33-13 三鷹第二ビル101
営業時間：電話受付15時～17時 定休日：日曜日

TOP