May.18 — Izumi Devalier, head of Japan economics at Bank of America, discusses the prospects for the Japanese economy and policies amid the coronavirus outbreak. The economy sank last quarter into a recession that’s likely to deepen further as households limit spending to essentials and companies cut investment, production and hiring to stay afloat. Devalier speaks with Rishaad Salamt and Haslinda Amin on “Bloomberg Markets: Asia.”
In This Story: Japan
Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.
Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.