ANTHONY DH NJENGA Nairobi Kenya
The world can now smile after the World’s Third-Biggest economy has gradually been reopened. This has been facilitated by the reduction in reporting of new cases of coronavirus in Japan.
According to Capital News On Monday May 25, 2020, Japan has been forced to lift its nationwide state of emergency over corona virus, after a new trend of low cases of corona virus been reported. Japan has experienced a lower hit by the pandemic, compared to other European countries like Italy and Spain.
Japan has so far recorded a total of 16,581 cases of corona with a death of 830 patients from corona virus. The number of reporting has fallen from the previous 700 cases a day to just a few cases less than 100 per day.
According to statistics, the World’s third-biggest economy has encountered its first recession since 2015 after recording a shrink rate of 0.9 percent in the first quarter.
Japan is known for its motor and automotive industry, having the lockdowns back in April 7 facilitated a gradual closure of the industries. This has greatly affected the motor industry a lot in the whole world.
Reopening of the world’s third-biggest economy will improve business and cut short the economic crisis currently experienced in the world markert.