Japan's regional economies in very severe situation: Finance Ministry


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Time for furusato nōzei? We can build demand for local products.

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It's been the case since 1993...

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Here I see problems or historicity in multiple levels. The Finance Minister, despite its negative outlook report, insists on tight fiscal balances, and resists any "loose" economic policies such as tax reduction. Some people always complain about the effects of strict virus response from disruptions on daily life, curtailed privacy, household economic difficulty, threatened employment, severed connections with neighbors, etc. although they still keep requesting a tighter control by governments. They are unreasonable, inconsistent and irresponsible.

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There was already an on-going regional banking crisis. The pandemic Depression only adds more sepsis to the wound.

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