Business / Economy

Japan launches panel to analyze impact of coronavirus on economy and politics

Jiji

Economic revitalization minister Yasutoshi Nishimura on Wednesday launched a panel of experts to analyze the impact of the new coronavirus pandemic on international politics and the global economy.

Nishimura, who is in charge of the government’s response to the coronavirus crisis, will collect opinions from the experts on possible effects from the pandemic on policies of countries across the globe, the international order and global supply chains.

The panel, headed by University of Tokyo professor Fumiaki Kubo, will also discuss the maintenance of free trade systems.

Nishimura aims to reflect the panel’s discussions and analysis in the government’s new basic economic and fiscal policy, to be compiled in July.

“It’s important for Japan to play its role in maintaining and developing free trade,” Nishimura said at the start of the panel’s inaugural meeting Wednesday, apparently showing his concern over a rise in protectionism amid the pandemic.

Japan will aim to spread high-level trade rules while leading the Trans-Pacific Partnership multilateral free trade pact, he added. Japan and the 10 other member countries of the TPP are set to hold ministerial talks in August.

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