According to media reports, the latest statistics in Japan show that 1,111 enterprises in Japan have applied for bankruptcy proceedings from February last year to March this year, and the main reason for this phenomenon is that the epidemic in Japan has caused business difficulties for enterprises. In the end, these enterprises could not survive in the long-term epidemic environment and had to choose bankruptcy.
Because the epidemic situation in Japan is quite serious, emergency measures have been introduced in various places to control it, and the best control measure in the face of the COVID-19 epidemic is to close business premises and prohibit people from gathering, so many industries have been greatly affected before the emergency measures, among which the catering industry has been the most affected, but the control of the epidemic situation is not satisfactory, and the spread of the virus has not been effectively controlled, which has also led to the continuous postponement of emergency measures implemented in various places.
Take Tokyo, Japan as an example. Due to the spread of the epidemic in January, the emergency of COVID-19 was implemented on January 8, and the emergency was originally scheduled to be lifted one month later, that is, on February 7. However, because the epidemic was not well controlled in February, the local government decided to postpone it to March 21. In this emergency of more than two months, most enterprises were unable to operate normally and must abide by the local government's business regulations. This can be said to have a great impact on local enterprises. Although the local government provided certain subsidies to restaurants, the subsidies could not guarantee the normal survival of these restaurants, so many restaurants finally chose to go bankrupt and close down.
At present, there is no sign that the epidemic situation in Japan is under control, and the government can no longer implement the state of emergency. Because the two-month-long state of emergency has had a considerable impact on people's lives and business operations, it is not possible to restore the economy by liberalizing control, but I am afraid this state will not help the economy too much. I hope the Japanese government will increase subsidies to enterprises to help them tide over this difficult period.