More Japanese Economy and Virus News

https://www.yahoo.com/finance/news/japan-warns-risks-economy-china-034658685.html


I think the biggest worry now, or so it seems, is the Japanese govt. and the Tokyo Olympic committee maybe are beginning to think how is this going to affect the Tokyo Olympics in six or seven months.

How long will this go on is a question mark right now. How long before some kind of vaccine can be developed to remedy or slow down the virus. With the Olympics six or seven months away, I'm sure Japan is very worried right now about how this is going to play out.

Yes it looks like Japan and South Korea, both in close proximity, are going to feel the most affect, with the loss of tourists, and if both have manufacturing facilities and business in the region of the virus area, might be hit hard, with other multinational companies in the same region. No one is going to be excluded from the hit.

Both countries have already been pulling their expats out of the region, as are other countries too.

Then there is the question about how is this in the short-term and the long-term going to affect China if its health, prevention, and emergency standards are not up to global standards going to have on its overall economy in the future.

Barring a complete lockdown of no Chinese leaving the country, Chinese needs to, along with the global community, come up with some quick measure to remedy this situation.

I think by now China realizes it has to be completely transparent, or at least we hope so, for the good of everyone in China and the wider global community.

Japan needs to be very careful and navigate through this crisis. It needs to be very careful not to blame every Chinese tourist that come to Japan, as potential problems. Yes be vigilant, yes have prevention situations setup at airports etc.

But once this crisis is finally resolve, and every thing gets back to normal, hopefully before the Tokyo 2020 Olympics, the Chinese tourism market will return. The Chinese tourists will, not like everyone else, will want to come to Tokyo to see the Olympics and Tokyo.

Japan must not show any reason for tourists not to come back to Japan. They must show that the Chinese tourists area just a welcome as are the European Union tourists area.

No country can deny the huge middle class in China now that is willing to spend its money, and Chinese tourists have shown they are more than willing to spend a lot in Japan.

Japan again, must not show any reason for them not to come. Japan needs the huge Chinese middle class and their ability to spend in Japan, especially as we get closer to the Olympics.



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