Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo


Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!
you are here: HomeNewsWorld

Japan to amend first-quarter GDP calculation method to better reflect coronavirus impact

Japan's government said it will change the way it compiles preliminary gross domestic product (GDP) data for the January to March period to better reflect the impact of the coronavirus outbreak.

April 28, 2020 / 11:32 AM IST

Japan's government said on Tuesday it will change the way it compiles preliminary gross domestic product (GDP) data for the January to March period to better reflect the impact of the coronavirus outbreak.

Japan expanded a state of emergency to the whole nation earlier this month that asks people to stay home and businesses to close or scale down temporarily, further damaging an economy already on the brink of recession.

The Cabinet Office said it usually uses data from January and February to estimate some figures for March but it will make available data from industries for the month in calculating GDP for the first quarter.

For example, it will use sales figures on beer and beverages from major companies and data from a restaurant association for the month.

The Cabinet Office said it will also reflect the economic stimulus package when it calculates the first-quarter GDP.


COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more

The government last week boosted its new economic stimulus package to a record $1.1 trillion to expand cash payouts to its citizens, as the fallout from the coronavirus outbreak threatens to push the economy deeper toward recession.

It will release January to March GDP data on May 18.

Also read: Coronavirus News India LIVE Updates
first published: Apr 28, 2020 11:29 am

stay updated

Get Daily News on your Browser