JAPAN RECORDS SHARPEST DECLINE IN CPI IN NOVEMBER BY 0.9 PERCENT

Highlights –

• Japan records the sharpest decline in CPI in November by 0.9 percent.
• BOJ in October lowered its CPI forecast for fiscal 2020 ending in March to minus 0.6 percent.
• The government has suspended the country’s travel p...

JAPAN’S SAPPORO SNOW FESTIVAL STANDS CANCELED AMID RISING COVID-19 CASES

Highlights –

• Japan’s Sapporo Snow Festival stands canceled amid rising COVID-19 cases.
• This will be the first time that the country’s biggest winter festival is canceled.
• The event normally sees around 2 million domestic a...

TOKYO AND NAGOYA SOON TO BE REMOVED FROM ‘GO TO TRAVEL’ CAMPAIGN

Highlights –

• Tokyo and Nagoya soon to be removed from ‘Go To Travel’ campaign.
• The final decision for suspension will be made by the government.
• Aichi Prefecture as a whole has reported 181 COVID-19 cases, from which 93 ar...

JAPAN’S HOUSEHOLD SPENDING IN OCTOBER RISE BY 1.9 PERCENT IN 13 MONTHS

Highlights –

• Japan’s household spending in October rose by 1.9 percent in 13 months.
• Spending by households with two or more people was $2,700.
• The average monthly income rose by 2.5 percent among salaried households with two pe...

PEOPLE AGED 65 AND ABOVE ASKED TO REFRAIN FROM THE USE OF ‘GO TO TRAVEL’ CAMPAIGN

Highlights –

• People aged 65 and above asked to refrain from the use of ‘Go To Travel’ campaign.
• People with underlying health conditions are also asked to refrain from making trips.
• Tokyo has been reporting a spike in COVI...

DESPITE THE RESURGENCE OF COVID-19 CASES IN JAPAN, ‘GO TO TRAVEL’ CAMPAIGN TO CONTINUE

Highlights –

• Despite the resurgence of COVID-19 in Japan, ‘Go To Travel’ campaign to continue.
• Prime Minister Yoshihide Suga announced the same on Friday.
• The country recorded around 2,385 new COVID-19 cases on Thursday.

JAPANESE GOVT. CONSIDERING EXTENDING ‘GO TO TRAVEL’ SUBSIDY PROGRAM UNTIL JANUARY

Highlights –

• Japanese Govt. considering extending ‘Go To Travel’ subsidy program until January.
• The new date has so far not been determined.
• The government plans to draft a third supplementary budget for fiscal 2020.
...

FINANCE MINISTRY OF JAPAN UPGARDES THE COUNTRY’S REGIONAL ECONOMIES FOR 2ND QUARTER

Highlights –

• Finance Ministry of Japan upgrades the country’s regional economies for 2nd quarter.
• The ministry’s 11 regional bureaus also upgraded their independent assessments.
• The ministry pointed out the ‘Go To Tr...

TOURIST MINISTRY OF JAPAN REPORTS ‘GO TO TRAVEL’ COVERED 25.18 MILLION OVERNIGHT STAYS

Highlights –

• Tourist Ministry of Japan reports ‘Go To Travel’ covered 25.18 million overnight stays.
• The subsidy campaign showed data of domestic overnight stays of about two months.
• The government-funded a total of $1 bil...

JAPAN POSSIBLY TO ADD ADDITIONAL ECONOMIC STIMULUS PACKAGE

Highlights –

• Japan possibly to add an additional economic stimulus package.
• Yoshihide Suga may instruct officials to draw up the specifics next month.
• The draft extra budget is likely to be submitted in next year’s ordinary Die...

JAPAN GOVERNMENT INCLUDES TOKYO UNDER ‘GO TO TRAVEL’ SUBSIDY PROGRAM

Highlights –

• Japan government includes Tokyo under 'Go To Travel' subsidy program.
• The travel subsidy program was launched in July.
• A similar initiative to promote consumption at eateries also started on Thursday.
• &...

NEW REVISIONS MADE IN JAPAN’S TAX AND SOCIAL WELFARE SYSTEMS

Highlights –

• New revisions made in Japan’s tax and social welfare systems’ prices of products to change.
• Starting Thursday changes in the range of price from alcoholic beverages to minimum wages.
• The retail price of variou...

CONSUMER PRICE INDEX IN AUGUST FALLS IN JAPAN BY 0.4 PERCENT

Highlights –

• Consumer price index in August falls in Japan by 0.4 percent.
• The government’s domestic travel subsidy program leading to lower accommodation fees.
• The core consumer price index was flat on the year in July.
...

JAPAN’S CABINET OFFICE RELEASES THE LATEST MONTHLY REPORT OF THE ECONOMY

Highlights –

• Japan’s Cabinet Office releases the latest monthly report of the economy.
• The government reported the economy showing signs of recovery for the month of August.
• The government has considered 11 major components to ...

JAPAN’S ‘GO TO TRAVEL’ CAMPAIGN LIKELY TO DEAL WITH A SETBACK

Highlights –

• Japan’s ‘Go To Travel’ campaign likely to deal with a setback.
• ‘Go To Travel’ subsidy scheme has created a lot of confusion amongst the country’s citizens.
• A study suggests that Japan c...

JAPAN CLARIFIES THE RUMORS TO BEAR A PART OF VISITORS' EXPENSES

Highlights

• Japan Tourism Agency dismissed the rumors of a campaign that would pay half of the visitors’ expenses
• The rumor was viewed as an attempt to revitalize the corona virus hit sector

On Wednesday, the Japan Tourism Agenc...