Original title: Japan’s poor prevention and control of the epidemic, the new prime minister’s approval rate plummeted just after he took office! Can the newly issued 40 trillion yen fiscal plan save the economy?
Summary
[Japan’sepidemicpreventionandcontrolisnoteffectivethenewprimeminister’sapprovalrateplummetedjustafterhetookoffice!AccordingtoBloombergNewsJapanesePrimeMinisterYoshihideSugastatedonDecember8thatinordertopromoteJapan’srapidrecoveryfromtheeconomicrecessioncausedbythenewcrownepidemictheJapanesegovernmenthasformulatedaneweconomicstimulusplanworth736trillionyenIncludingfinancialexpenditureworthabout40trillionyen(InternationalFinanceNews)
The number of newly diagnosed, severely ill and deaths has set a new record. With the new crown pneumonia epidemic difficult to control, Japan’s new Prime Minister Yoshihide Suga faces many difficult problems.
According to Bloomberg News, Japanese Prime Minister Yoshihide Suga stated on December 8 that in order to promote Japan’s rapid recovery from the economic recession caused by the new crown epidemic, the Japanese government has formulated a new economic stimulus plan worth 73.6 trillion yen, which includes Worth about 40 trillion yenfinancialexpenditure.
Recently, due to poor epidemic prevention and control, Yoshihide Suga’s support ratePlummet. This round of stimulus plan is the first package plan for the fight against the new crown epidemic since Yoshihide Suga took office in mid-September.
New Prime Minister’s approval rating plummets
In recent weeks, Japan’s newly confirmed new crown cases, severely ill patients and daily deaths have all set records.
According to the local governments and welfarelaborprovinceAnnounceAccording to the data, from 0:00 to 17:00 local time on December 8th, Japan added 1,478 confirmed cases of new coronary pneumonia in a single day.So far, Japan has accumulatedreportThe number of confirmed cases of new coronary pneumonia reached 165,939; there were 25 new deaths on the 8th, and a total of 2,423 deaths. On the 8th, there were 352 newly confirmed cases of new coronary pneumonia in Tokyo, and the cumulative number of confirmed cases reached 44,355.
The people were dissatisfied with the government’s anti-epidemic measures, and Yoshihide Suga’s approval rating plummeted. According to a report by Kyodo News on December 7th, the approval rate of Yoshihide Suga’s cabinet was 50.3%, a drop of 12.7 percentage points from the November survey. The disapproval rate reached 32.8%, an increase of 13.6 percentage points.
In addition, the scandal of Abe’s “cherry blossom viewing party” has also exacerbated public distrust of the government. According to Japanese media reports, during Abe’s administration, he was suspected of inviting a large number of “affiliated households” to participate in the annual “cherry blossom viewing party” organized by the government every year, including more than 800 members of the Abe Support Association in his hometown of Yamaguchi Prefecture.On the other hand, Abe and its support club may embezzle about 8 million yen in politicalfunds, Used to hold a banquet on the eve of the “cherry blossom viewing party.” The prosecution has decided to challenge Abe for allegedly violating the “Political Funds Regulations Act.”secretaryConduct a case investigation.
The latest poll results show that 60.5% of survey respondents believe that Abe should be sent to Congress to further explain the matter. As the Chief Cabinet Secretary of the Abe government, Yoshihide Suga raised the banner of “inheriting Abe” to power. Some analysts pointed out that the broader negative impact of the “cherry blossom viewing party” will fall on Suga Yoshihide.
Step up stimulusconsumption
In addition to facing the ineffective control of the epidemic and the “cherry blossom viewing” storm, the biggest challenge currently facing Yoshihide Suga is how to boost the economy.
Bloomberg believes that stimulating consumer spending is the most difficult issue at the moment.
Previously, the Japanese government issued two packages to deal with the epidemic, totaling 2.2 trillion yuanUSD, Family andenterpriseIt is the key target of assistance.
Yoshihide Suga said, “We have formulated these measures to stabilizeEmployment,maintainbusiness, Restore the economy, and at the same timegreen economywithDigital economyThe new growth of the country opens the way to protect people’s lives and livelihoods. “
In the new stimulus plan, the Japanese government will increase financial support for medical institutions and provide more beds for patients with new coronary pneumonia. Approximately 5.9 trillion yen will be used for epidemic prevention and control.
The Japanese government will also increase subsidies to help local governments make up for the losses suffered by restaurants and bars that have shortened their business hours as required.
In addition, Yoshihide Suga believes that the popular travel subsidy program “Go To Travel” is one of his most effective stimulus policies.
“Go To Travel” was launched in July this year and was originally scheduled to end at the end of January next year, but it is planned to be extended to June next year.
The plan has been widely criticized, and there are voices within and outside the ruling party that the intensification of the epidemic is inevitable with “Go To Travel”. According to Kyodo News, 48.1% of respondents believe that “Go To Travel” should be stopped.
Yoshihide Suga said that Japan’s latest economic stimulus package will help Japan recover from the economic downturn caused by the epidemic, which mayGDP(GDP) Increased by about 3.6%.
According to Kyodo News, the Japanese Cabinet Office released a report on December 8Real GDPChain ratioThe growth rate was revised up to 5.3%, which is 22.9% year-on-year.
Preliminary issued by the Cabinet Office on November 16statisticsAs a result, Japan’s actualGDPThe month-on-month increase was 5.0% and the year-on-year rate was 21.4%, the largest increase since comparable data. Prior to this, the Japanese economy had fallen for three consecutive quarters, and the second quarter fell by 28.1% at an annual rate.
(Article Source:International financeNewspaper)
(Editor in charge: DF512)
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