Japan enters recession as world leaders mull options on ending lockdown

Japan enters recession because of lockdown

Japan’s economy plunged into recession in the first quarter as the coronavirus pandemic suppressed business activity, while leaders in the US and Europe are weighing the risks and rewards of lifting Covid-19 restrictions knowing that a vaccine could take years to develop.

India, meanwhile, recorded its biggest single-day surge with 5,242 new cases and 157 deaths, taking the country’s infection tally to more than 96,000, the most in Asia.

The country has now 3,029 fatalities due to Covid-19.

China, which reported just seven new cases on Monday, maintained tighter social distancing rules in parts of the northeastern province of Jilin after a cluster of cases of unknown origin turned up in the area.

Two of the new cases were in Jilin and residents were being required to show certificates of health, including a recent negative nucleic acid test, if they wished to leave Jilin city, the province’s second-largest metropolis, state media reported.

In other parts of the country, restrictions have been gradually lifted and many in Beijing, where no cases have been reported in weeks, have stopped wearing masks outdoors, although most establishments still require they do so when indoors and on public transport.

Despite reopening moves, central government petition offices in Beijing, where people come from across the country to register complaints, will remain closed for the time being.

Japan’s Cabinet Office reported on Monday a drop of 3.4% annual pace in seasonally adjusted real gross domestic product, and fears are growing that worse times may lie ahead.

Japan is extremely vulnerable to repercussions from the pandemic given its dependence on trade with both China and the US.

In hard-hit Italy, premier Giuseppe Conte acceded to a push by regional leaders to allow restaurants, bars and beach facilities to reopen on Monday, weeks ahead of an earlier timetable.

“We are confronting this risk, and we need to accept it, otherwise we would never be able to relaunch,” Mr Conte said.

That came as governments worldwide and many US states struggle with restarting economies battered by the pandemic.

In the US, images of crowded bars, beaches and boardwalks suggested some were not heeding warnings to safely enjoy reopened spaces while limiting the risks of spreading infection.

President Donald Trump promised Americans a speedy return to normality that sounded far more optimistic than most experts say is realistic.

“We’re looking at vaccines, we’re looking at cures and we are very, very far down the line,” he said while calling into a charity golf tournament broadcast Sunday on NBC.

One of Mr Trump’s top economic advisers, Peter Navarro, also criticised the Centres for Disease Control and Prevention’s early response to the coronavirus outbreak, saying it “let the country down” after initial delays with testing.

With 36 million newly unemployed in the US alone, economic pressures are building even as authorities acknowledge that reopening risks setting off new waves of infections and deaths.

Many states have lifted stay-at-home orders and other restrictions, allowing some types of businesses to reopen.

The coronavirus has infected over 4.7 million people and killed more than 315,000 worldwide, according to a tally by Johns Hopkins University that experts say under counts the true toll of the pandemic.

The US has reported over 89,000 dead and Europe has seen at least 160,000 deaths.

For most people, the coronavirus causes mild or moderate symptoms.

For some, especially older adults and people with existing health problems, it can cause more severe illness and lead to death.

New York governor Andrew Cuomo got tested for the coronavirus on live television.

Coronavirus confirmed cases

Any New Yorkers experiencing flu-like symptoms or those returning to work can now get tested, he said.

Well, how do you know what the spread of the virus is? Testing, testing, testing,” Mr Cuomo said.

South Korea reported 15 new coronavirus cases and one more death, but just two new cases were reported in the Seoul metropolitan area, where tens of thousands were tested in recent weeks after health officials discovered dozens of infections linked to club goers.

The surge in infections in India comes a day after the federal government extended a nationwide lockdown to May 31 but eased some restrictions to restore economic activity, and as hundreds of thousands of migrant workers head to India’s villages, which have weaker health infrastructure.

Next door, in the Pakistan-administered portion of the disputed Himalayan region of Kashmir, all relaxations in lockdown measures are to be revoked from Monday night after two dozen more people tested positive for coronavirus.

In the Philippines, crowds returned to shopping centres in the capital, Manila, after a two-month lockdown was partially relaxed over the weekend.

In Brazil, President Jair Bolsonaro greeted hundreds of supporters, joining some in performing push-ups, who gathered before the presidential offices Sunday to back his open-the-economy drive even as coronavirus sweeps across the country.

On the treatment front, Oregon health officials say hospitals will be provided with an experimental drug that has shown some promise combating the virus.

The Oregon Health Authority said Sunday that the state has received enough doses of remdesivir to treat all patients who met the medical criteria for using the drug as of Saturday.

Recent early results for the drug suggested it could help patients recover from coronavirus faster, although longer-term data is still needed to confirm any benefits.

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