Hello, everyone.

This is Enta.

Various events have been canceled.

I hear schools are closed, too.

AlreadyThe COVID-19 CrisisThat's it.

How will the coronavirus affect the Japanese economy?

It looks like this is going to be quite a challenge.

This is because, as things stand, the flow of imports from China and elsewhere appears to be significantly stalled, and,

An electrician I know told me that work on the job site will come to a halt starting next week because they won't be receiving any materials.

In reality, materials that aren't produced domestically are really dangerous.

I think products that rely heavily on materials from China, in particular, will be hit hard.

In fact, the machinery we’ve ordered is being manufactured at a factory in China, and we’ve already been notified that there will be a delay.

When the flow of money is disrupted by things like this, the economy will slide further into deflation.

There is a high likelihood that the world will slide into deflation.

So, I really hope Japan will increase public investment to keep spending money.

I want you to use this COVID-19 shock as a springboard to prepare for mild inflation!

When the government engages in public investment (printing money like crazy), the value of money decreases.

If the value of money declines, there is no longer any point for companies to retain earnings. (Companies retain earnings because money has high value.)

If companies start spending money, we'll shift from deflation to inflation (to put it simply, lol).

It is we, the public-sector contractors in the construction industry, who support that.

Let's get a raise, spend like crazy, go out for drinks lol, and shape the world together!

The construction industry is the sector that spends the most money in the world!

If the government keeps pouring money into public works, we can prevent as many disasters as we want, and the economy will pick up!

Let’s overcome the COVID-19 crisis to build a better Japan.

See you later.