Effects of Coronavirus Expected to Hit Japan’s Retail Sector Hard

TOKYO — As the number of people affected by the novel coronavirus, now known as covid-19, continues to rise, so do its effects on countries outside of China. While Japan has so far only recorded one death from the virus, the scale of the economic impact is already appearing to be much greater.
On Monday, Japanese officials confirmed 99 more cases of the coronavirus aboard the cruise ship Diamond Princess, which remains quarantined in the port of Yokohama. Separately, the U.S. State Department announced that 14 evacuees from the ship who had been flown back to the U.States were also infected.
Even before those new cases were reported, Japan’s health minister Katsunobu Kato on Sunday urged members of the public to avoid crowded places and “nonessential gatherings,” including commuter trains. This came after Japan entered a new phase of the virus late last week, when the country’s first cases with no clear chain of transmission were reported.
While cases of the virus in Japan are likely to continue to rise, so are its affects on the country’s economy. In December, the country welcomed more than 2.5 million overseas visitors, more than 28 percent of whom were from China, according to preliminary figures

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