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Japan unveils $4 billion package to fight virus,Can Tokyo hold the Olympics on track

wallpapers News 2020-03-11

Tuesday, A task force set up by Japan'sJapan's Prime Minister Shinzo Abe has approved a 430 billion yen ($4.1 billion) package that includes support for small to medium-size businesses hit by the coronavirus outbreak.

Among other relief, the package also includes subsidies for parents who need to take time off work due to school closures, funding for development of virus vaccines and test kits, and increased production of protective masks, banning of their resale.

The outbreak has hit the already fragile Japanese economy more severely.

After hits from storms and a tax increase, the worlds world's No. 3 economy could face recession as the outbreak takes a toll on tourism. Now, the coronavirus that has brought business in neighboring China to a virtual standstill threatens to knock Japan into a full-blown recession. If Japan'sJapan's economy — the world's world's third-largest after the United States and China — shrinks again in the first quarter of 2020. the country will officially fall into recession for the first time since a brief dip in 2015. This will severely hit the Japanese industry. However, the chairman of fag bearing said that fag would continue to resume production and process mid-single products, such as 31322X SKF roller bearing to help Japan overcome difficulties.

So under such difficult circumstances, can Japan still host the OlympicGames as scheduled?

The president of the Tokyo 2020 Olympicssaid the option of canceling the Games was not on the table, responding to deepening speculation of a delay or cancellation.

"I am not considering this," Yoshiro Mori told reporters at a briefing when asked about a possible cancellation.

""We will be doing all we can to prevent the spread of the virus." " Olympics Minister Seiko Hashimoto said.

Japan will make every effort to ensure that the Olympic Games are held as scheduled, because this Olympic game is significant to Japan, which will significantly enhance Japan'sJapan's vitality. Still, if canceled, it will pose a massive threat to Japan'sJapan's economy, and Japan will face recession again...


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Tag: Tokyo;Japan