Spending $ 6.3 billion from Japan's budget reserves to provide Corona vaccines

The Japanese government has agreed to spend 671.4 billion yen ($ 6.32 billion) in emergency budget reserves to provide coronavirus vaccines.

According to Arabiya Net, the government says it hopes to provide adequate vaccines for every citizen by the middle of next year and to give them free of charge.

The Japanese economy declined slightly more than expected in the quarter from April to June, according to official data released Tuesday, deepening the downturn that was mainly the worst in The country's modern history.

The economy, the third largest economic power in the year, witnessed a decline of 7.9% in the second quarter of the year compared to the previous quarter, which is higher than 7.8% It was mentioned in the preliminary data, according to the government office.

actual corporate investment was weaker than that published in preliminary data released last month, at a time when COVID-19 deepens the country's economic difficulties.

and while the figure is somewhat better than the market consensus on an 8,0% contraction, it is the worst in Japan since the release of comparable data in 1980, and is beyond the implications of The global financial crisis of 2008.

and separate data published by the Ministry of Internal Affairs on Tuesday showed that spending by Japanese families decreased in July by 7.6% from the previous year, which is another matter that highlights On the repercussions of the new Corona virus on the economy.

The 7.6% decline is the tenth consecutive monthly decline and follows a 1.2% decline in June and 16.2% in May. .

The figure is much worse than the expectations of economists who have talked about the possibility of a decline of 3.7%, according to Bloomberg.

The Japanese economy is experiencing a recession even before the new Corona virus due to the damage caused by a strong hurricane that struck the country last year and the sales tax was raised in October.

and considered the outbreak of the new corona in Japan to be less than that recorded in other countries most affected, as the number of injuries reached about 71,800 and deaths less than 1,400.

And while a nationwide state of emergency was declared as the number of injuries increased in April, the restrictions were much lighter than those imposed in many countries in the absence of a mechanism for compelling Business ...