Japan’s export to Fiji and other countries could be affected by novel coronavirus.
The value of Japan’s exports into the Fijian economy is estimated at at close to 290 million dollars with Fiji predominantly importing second vehicles and heavy machinery.
According to a report by Aljazeera, the prolonged and widespread coronavirus outbreak could hit Japan’s economy, affecting tourism, retail and exports, among other areas, says the International Monetary Fund’s Mission chief for Japan, Paul Cashin.
Cashin says the spread of the coronavirus poses an emerging risk to Japan’s economy, although the economic impact will depend on the extent of the spread of the disease and policy responses.
He adds, if prolonged and widespread, this would likely affect Japan’s tourism and retail activities through a decline in tourist arrivals and spending from China and elsewhere.