The coronacrisis in Japan, and an unprecedented economic recession have led. In the second quarter, the economy contracted by 27,8 per cent., proves, on Monday, data from the Japanese government.
It was the largest decline since 1980, the year in which it began tracking the data. Also, the decrease is slightly larger than the analysts expected the decline of 27.2 per cent.
The pandemic, exports, and domestic consumption in Japan will collapse. Also, after the relaxation of the measures taken in may to keep the Japanese consumer is still in the hand on the purse strings, because of the fear of a new outbreak of the COVID-19 is still high.
It was the third quarter of contraction in a row, the third-largest economy in the world. The fall is all of the growth in 2012 and prime minister shinzo Abe has achieved in one fell swoop wiped out.
