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Japan’s Economy May See a Record 25% Shrinkage

 
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xysoom



Joined: 15 May 2020
Posts: 26

PostPosted: Mon Jun 01, 2020 6:23 am    Post subject: Japan’s Economy May See a Record 25% Shrinkage Reply with quote

Japan’s Economy May See a Record 25% Shrinkage



JCER Senior Researcher Jun Saito recently commented that the global epidemic may be the final blow on Japan’s sluggish economy, while Goldman Sachs estimated Japan’s economy may see a record 25% shrinkage this quarter.To get more news about Japan’s Economy, you can visit wikifx news official website.
  Jun Saito repeated the point that Japan is heading towards a severe recession, attributing it to the shocks on demand and supply. In addition, the delaying of Olympics and Paralympics will “put more downward pressure” on Japan’s economy.
  According to the estimation of Goldman Sachs, Japan’s economy will shrink an unprecedented 25% this quarter despite a stimulus scheme never seen in history. While coronavirus outbreak in the US and some European economies is easing, this may not be a very good news for the safe-haven yen, which has benefited from the continuous global economic slump in March. Now that the market expects a peak of global coronavirus cases, risk aversion sentiment is eventually thinning, which will definitely weigh on the yen.
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yanmaneee



Joined: 17 Jul 2020
Posts: 6

PostPosted: Fri Jul 17, 2020 6:39 am    Post subject: yanmaneee Reply with quote

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