Viral outbreak emergency to take toll on Japan economy: analysts

The World Health Organization's declaration of the ongoing coronavirus outbreak as a global emergency is likely to deal a blow to Japan, with analysts pointing out the fragile economy has increasingly benefited from big spending by inbound travelers.Japan's 2020 gross domestic product could be pushed down by 0.45 percentage point, or 2.48 trillion yen ($22.7 billion), if the deadly pneumonia-causing virus's impact on the number of inbound travelers continues for a year, according to Takahide Kiuchi, executive economist at Nomura Research Institute.If the disease that is spreading globally i…READ FULL ARTICLE