Economics
Japan’s Suga Risks More Economic Pain if Limited Emergency Fails
- Premier faces uphill battle to contain virus, hold Olympics
- Failure raises risk of party dumping him before national poll
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Japanese Prime Minister Yoshihide Suga’s bet that a less-stringent state of emergency will limit the economic damage of virus containment runs the risk of compounding the pain if it proves insufficient.
The economy now risks shrinking again for the first time since the summer with analysts recalculating projections in light of Suga’s emergency declaration covering great Tokyo and requests on Friday by Osaka and other prefectures to be added to the list.