People walk across the Shibuya crossing in Tokyo on January 27. Photo: AP People walk across the Shibuya crossing in Tokyo on January 27. Photo: AP
People walk across the Shibuya crossing in Tokyo on January 27. Photo: AP

Coronavirus state of emergency has the Japanese staying home, hoarding cash

  • As the government prepares to extend the emergency beyond February 7, members of the public are waiting it out – and few are spending money
  • With consumption falling 11.5 per cent in December, businesses are struggling to survive and the economy is taking further blows

Topic |   Coronavirus pandemic
People walk across the Shibuya crossing in Tokyo on January 27. Photo: AP People walk across the Shibuya crossing in Tokyo on January 27. Photo: AP
People walk across the Shibuya crossing in Tokyo on January 27. Photo: AP
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