GS on the emergency declaration in Tokyo, Osaka and some other parts of the Japan
- Q2 GDP to be down 25% (q/q annualised)
- consumer spending to also fall 25% (ditto)
- exports to drop 60% in Q2
Wow, that is bleak.
Some of the responses to the emergency declaration
- Uniqlo to close stores, reduce opening hours for other
- Starbucks is closing stores in state of emergency areas