TOKYO: Japan has no plan to declare a state of emergency from April, its top government spokesman said on Monday , seeking to dispel mounting fears a recent spike in coronavirus cases could lead to a first-ever lockdown of the capital, Tokyo.
Japanese stocks retreated on Monday as the pandemic forced more countries to impose or tighten lockdown measures, raising fears Japan could follow suit from Apr 1 - the beginning of its fiscal year. Any lockdown in Japan would look different to mandatory measures imposed in some parts of Europe and the United States. By law, local authorities are only permitted to issue requests for people to stay at home, which are not legally binding.
"It would be like stopping blood flowing through Japan's economy," he said, estimating a lockdown of the city for a month could shrink Japan's economy by about 5.1 trillion yen - nearly 1 per cent.
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