TOKYO - Japan’s economy likely contracted at the sharpest pace on record in the second quarter as the coronavirus crisis crushed business and consumer spending, a Reuters’ poll showed, and a recent surge in infections is clouding the outlook for recovery.
Such a grim reading would cement views that the world’s third-largest economy has fallen into a deeper recession, and reinforce expectations that the government will need to compile another stimulus package on top of $2.2 trillion announced so far.
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Pandemic derails Abe's strategy to revive regional Japan with tourismIt's peak summer holiday time in the ancient Japanese city of Kyoto, when throngs of international tourists would usually be flocking to its famous temples and spending up large in the city's hotels, restaurants and souvenir shops. Vaccine first. THEN people will travel again like mad. Abe must be very angry .
Source: Reuters - 🏆 2. / 97 Read more »
Asia Today: Central Japan region put under virus emergencyTOKYO (AP) — A governor in central Japan announced a state of emergency Thursday due to rising virus cases and asked businesses and people to curb their activities, especially during an upcoming... Sad But masks work? Are we forced to shut down and wear a mask by force of fines and misdemeanors for no reason? Asian countries always wear masks, so with their theory, it shouldn't have even gotten to the rest of the world. 🤔 maybe if they stopped wearing masks and started breathing air they would get fewer virus outbreaks ya know just be human
Source: AP - 🏆 728. / 51 Read more »
Op-Ed: U.S. leaders knew we didn't have to drop atomic bombs on Japan to win the war. We did it anywayWe've been taught that the U.S. had to drop atomic bombs on Japan to end World War II. Historical evidence shows Japan would have surrendered anyway. opinion that was the generation that fully supported spanking the crap out of an unruly child, what more would we expect? we'd like to think that it couldn't happen in 2020 because we're so civilized now. 🙄 opinion read 'Rampage' the Battle for Manila and you'll understand why we had to drop the bomb. opinion Japan could have surrendered when US troops landed on Okinawa, they didn't. US troops were being killed while Japanese continued to fight to the death. Japan had intended to fight even as they continued to lose. The A-bomb ended it, saving thousands of US troops from being killed
Source: latimes - 🏆 11. / 82 Read more »
China's July exports seen falling on global virus surge; import growth cools: Reuters pollChina's exports are expected to have dipped in July as a surge in global coronavirus infections depressed demand, while growth in imports likely cooled, a Reuters poll showed on Wednesday. This is not right. China has not exported much. One note: Don't trust Reuters polls 😆
Source: Reuters - 🏆 2. / 97 Read more »
Joe Biden Won’t Travel to Milwaukee for Democratic National ConventionBreaking: Joe Biden won't go to Milwaukee for the Democratic National Convention due to coronavirus concerns. He will deliver remarks from Delaware. comeoutofthebasementjoebiden I wonder if Biden will get backlash like realDonaldTrump did when he did backed out for the same reason... So now it starts.. Next he will cancel his appearance at the debates.....
Source: WSJ - 🏆 98. / 63 Read more »