Japan's economic recovery will pick up pace
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Significance COVID-19 is spreading at the fastest rate since the pandemic began, exceeding 20,000 new daily cases for the first time this month. The government has extended emergency measures into September. Impacts Business expansion, on hold for more than a year, is showing signs of life as machinery sales rebound. Semiconductor and other parts shortages will hold back expansion in the short run, but their effects will diminish over the coming year. Economic recovery and successful mass vaccination come too late for the unpopular Prime Minister Yoshihide Suga, who will soon be replaced.
2021 ◽
pp. 166-171
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