To aid virus-hit Japan economy, look after firms and jobs first, say experts

18 Mar 2020 18:17 | JHRS (Administrator)

Economists say that buoying consumption is indeed important, but that the first priority at this point should be to support companies unexpectedly hit by the virus and those who have lost or will likely to lose their jobs. They also say that cash distribution won’t be so fruitful when people’s mobility is restricted, while slashing the consumption tax rate is unrealistic in terms of current political hurdles as well as technical procedures.


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