Skip to main content

Economic activity holding up, 70% telework target

The measures announced by local governments this week to contain the “second wave” of coronavirus cases will probably have to be tightened further in some regions. But they’re unlikely to be draconian enough to reverse the strong rebound in goods consumption suggested by June’s retail sales data. That said, one drastic change that has been called for by Economy Minister Nishimura this week is for firms to have 70% of their staff work from home. If achieved, such a measure wouldn’t harm economic activity as much as business closure requests, but it probably would be a slight drag on economic activity in the near term.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access