What is the main reason for the largest decline in Japan s GDP in the second quarter of World War II

Japan's Cabinet Office recently released a flash report on the economy for the second quarter, excluding the factor of price changes, real GDP fell month-on-month, equivalent to a decline in annual growth rate. As a result, Japan's economy has experienced three consecutive quarters of negative growth, surpassing the decline in the first quarter of 2009 and becoming the largest decline since 1980, reflecting the severe impact of the coronavirus pandemic on the Japanese economy.

From the perspective of the economic field, domestic demand will lower economic growth by one percentage point, and the decline in exports will lower by one percentage point. From the perspective of project classification, personal consumption declined, not only for three consecutive quarters, but also reached a record low, mainly due to the fact that after Japan** issued the declaration of emergency against the epidemic, people went out less, small and medium-sized enterprises closed business, and tourism and catering and other services consumption decreased. The decline in capital investment was mainly due to a decrease in investment in manufacturing equipment due to uncertainty about earnings and the outlook for the domestic economy.

Residential investment declined, with only public investment increasing. Exports have decreased, not only in terms of automobile exports, but also in the consumption of inbound tourism due to the decline in international tourists, which has led to almost zero in the consumption of inbound tourism.

According to the Japan Institute of Economic Research,Japan's state of emergency imposed in April-May caused economic losses of up to 24 trillion yen, six times the cost of the postponement of the Tokyo Olympics. If there is another declaration of a state of emergency, there will be additional losses of trillions of yen, and whether Japan can hold on to it, the prime minister does not dare to bet at all.

Even more intuitive than these figures are the shocking financial reports of many companies in the first quarter of fiscal year 2020. Japan's two largest airlines have been hit hard by the pandemic, with Japan Airlines (JAL) running a deficit of 93.7 billion yen, close to the deficit level when it was delisted in 2010, and ANA Holdings (ANA) running a deficit of 159 billion. The combined quarterly deficit of the two Japanese flag carriers exceeds 250 billion, and if you don't pull it, some scenes in the second season of the hit Japanese drama "Naoki Hanzawa" may have to happen again in reality.

After the reorganization, JAL ran into difficulties again.

JR East, which was originally a cash cow, recorded an operating loss of 178.3 billion yen from April to June, compared with a profit of 144.6 billion yen in the same period last year. Due to the significant reduction in the number of people using rail due to the pandemic, JR East management is already considering reducing the frequency of trains and the time of the last train.

The transportation industry is miserable, and the manufacturing industry is not much better. In terms of automobile manufacturing, Toyota's net profit in the second quarter of this year fell to 158.8 billion yen compared with the same period last year, which is enough to be enviable. Nissan Motor fared much worse, with a net loss of 285.5 billion yen in the second quarter of this year, and operating profit plummeting by 99%.

In order to save the day, Nissan announced that it would lay off 12,500 employees worldwide, accounting for one-tenth of the total number of employees.

Other industries are also mired, with Muji's U.S. subsidiary announcing its collapse, Leopalace21, one of the largest apartment operators, having a debt-to-capital ratio of 20 times, and HIS, one of the big four travel agencies, closing a third of its stores. According to Tokyo ShokoResearch, 141 small businesses in Japan have gone bankrupt since February due to the impact of the coronavirus pandemic.

The grim reality makes it impossible for Japan to strike a balance between the economy and epidemic prevention, and various measures to promote consumption are strong against the epidemic and make every effort to transfuse enterprises, as long as the company can fail one less than one will be considered a success.

The main reason for the largest decline in Japan's GDP in the second quarter was the impact of the new crown epidemic. According to the data released by the Cabinet Office of Japan, Japan's real GDP in the second quarter fell on an annualized quarter-on-quarter basis, slightly exceeding the expected decline of 27%, and the previous value only declined.

It is worth noting that this is not only the third consecutive quarter of contraction in Japan's GDP, but also the largest contraction since records began in 1955, and even more than in the first quarter of 2009 after the financial crisis.

In addition, Japan's real GDP in the second quarter was also lower than expected, with a decline of the expected decline and a decline in the previous value.

Some analysts said that although there are signs of recovery in Japan's retail sales and factory production, exports are still weak, and the economic recovery remains fragile due to the rising number of new crown cases and the postponement of the Olympics.

The reason is probably that Japan entered a state of emergency in April and May, and the cost of traveling, eating out, and shopping from home was greatly reduced. It can be seen that although Japan is a developed country, due to the limitations of geography, region, population and other conditions, when disasters come, the ability to adapt is much worse, so the GDP will appear large**.

Hello, landlord, the reason for the largest decline in Japan's GDP in the second quarter of World War II is the impact of the new crown epidemic. The impact of the epidemic on the economy is very large, so it led to a sharp decline in Japan's GDP in the second quarter.

Personal consumption, which accounts for about 60% of Japan's economy, fell sharply in the second quarter from the previous quarter, much higher than the decline in the first quarter. This is due to the fact that Japan entered a state of emergency between April and May, and the spending of stay-at-home citizens on travel, dining out, and shopping was significantly reduced.

Against the backdrop of uncertainty caused by the epidemic to the outlook of enterprises, equipment investment of private enterprises, another important pillar of domestic demand, fell quarter-on-quarter, far lower than the growth in the first quarter; Private residential investment declined, picking up from the decline in the first quarter.

Exports of goods and services, including foreign tourists, plunged in the second quarter, much more than the decline in the first quarter. This is due to the fact that global demand for automobiles and auto parts has been suppressed during the mandatory lockdown in many overseas countries due to the pandemic, and the number of inbound tourists has also dropped sharply due to tightened international travel restrictions to curb the spread of the new coronavirus, according to Japan** analysis.

The main reason for the largest decline in Japan's GDP in the second quarter was of course the impact of the new crown epidemic. Some industries have been forced to close their doors, and many people are also unemployed. According to the preliminary gross domestic product (GDP) for the second quarter of 2020 released by the Cabinet Office on the 17th, Japan's real GDP in the second quarter of this year decreased compared with the previous quarter after excluding price changes, and the converted adult rate declined, the worst decline since World War II.

Japan in the second quarter. What is the main reason for the largest decline in GDP since World War II? The reason is the weather.

The island nation of Japan. Weather dependent. Not good, the factor economy must decline, because he is an island nation.

The Jade Emperor shook the rain and rained down. Jade strong typhoon. He said that his island was like a boat, so people's hearts were uncertain.

Those who do business and those who engage in economics can't make up their minds. The economy is slipping. Of course, this year is a special reason, not only Japan has landslided, but China has also landslided.

Of course, other countries have also had landslides, but China's Chinese ones are also quite strong.

Japan's GDP in the second quarter hit the largest decline in World War II, mainly due to the second outbreak of the new crown epidemic, the economy that has just restarted once again stepped on the brakes, which led to a serious economic downturn, and Japan is an export-oriented country, seriously affected by the recession of the entire world economy, so Japan's GDP fell in the second quarter The largest decline after World War II.

Mainly due to the impact of the new crown epidemic. Because Japan's epidemic was well controlled in the early stage, there was no large-scale spread, but it also paid a huge price, and the economy was in a semi-stagnant state, but there was a period of time in the second quarter**, for which stricter control measures were introduced, and the economy was suppressed again.

The decline in the second quarter was compared to the first quarter, and the actual decline in comparable interest rates was as high as that, creating the largest decline in Japan since World War II.

This is also due to the epidemic caused by the new crown pneumonia. So for the whole world, the entire industry will see such a decline, and Japan is no exception. So its GDP is falling very quickly. This is all normal. Caused by downtime.

The biggest topic of the year is the pandemic, which is now a global problem. Because the virus is extremely contagious and has strong mutation, it is difficult for us to figure it out, and it has also cost a lot of manpower, material and financial resources to control the virus. Therefore, this year's new crown epidemic will bring different degrees of losses to each country.

Then the reason for the largest decline in Japan's GDP value in the second quarter of this year is the new crown epidemic, which is mainly analyzed from the following points:

1.That is, from the second quarter, the epidemic in foreign countries has gradually begun to become serious, including Japan. Japan has developed science and technology, but due to the small area and few domestic processing and production enterprises, the sudden outbreak of the epidemic has had a great impact on Japan, and many basic medical supplies have to rely on imports, and when the global epidemic is more serious, the import of medical supplies from abroad will definitely be a big economic expense.

2.The pandemic quickly broke out around the world, and the global pandemic is still very serious until now. We know that Japan's tourism industry is also very developed, and Japan can also get a lot of national income every year by tourism, so due to the serious epidemic this year, fewer and fewer people travel abroad, so the income of Japan's tourism industry is less, and it cannot be well supplemented, and it is a huge expense on medical supplies.

3.Since the outbreak of the epidemic, the production of many industrial chains has been suspended, which has also led to the fact that many products in Japan cannot be produced in time, which means that too much investment can not be returned in time, so there will be certain problems in the capital chain. Japan's waterfront can also increase economic income by exporting a lot of seafood, but it can be seen from the news that many of the seafood imported by our country recently have been tested for the new coronavirus, which also makes people more cautious, so the seafood industry will also be greatly affected.

Mainly because of the impact of the epidemic, many Japanese companies have gone bankrupt and the Olympics have been postponed.

The reason for the largest decline in Japan's GDP in the second quarter was the impact of the epidemic, which affected the economies of countries around the world.

The main reason is the impact of the new coronavirus epidemic, which has brought a lot of impact to the world, and the economic impact is very serious.

Strange? The impact of the epidemic has been declining all over the world.

Affected by the epidemic, basically no one travels, personal consumption is lower than the previous quarter, exports are declining, and it is said that Japan** has adopted a series of policies.

One is that the salary package has declined significantly, and the general office workers are reducing their salaries. The other is that subsidies have decreased, and many people's pension money has also decreased.

The decline in GDP is reflected in the slow pace of economic development, which leads to a decrease in people's incomes, consumption and investment. The main reason for the decline in Japan's GDP in the second quarter was the impact of the new crown epidemic.

Japan made some money through some wars such as the Korean War and the Vietnam War, and then the people were focusing on recovering the economy. Together.

The Korean War and the Vietnam War produced food for the United States for the military** and thus made a fortune.