Friday, October 22, 2021

Rebound in Japan Intensifies Vaccination Efforts is ‘Big News’ for Retail: EY

- Advertisement -

Must read

Japan’s vaccination efforts are gaining some momentum now after a slow start, and that’s good news for retailers, EY’s Nobuko Kobayashi said.

“The vaccine is finally gaining momentum in Japan. The government says that everyone who wants to be vaccinated can do so in October, November,” Kobayashi, Asia-Pacific strategy execution lead at EY, told “Street Signs Asia “from CNBC on Friday.

Looking ahead, the short-term milestone will be whether the deployment of vaccination in Japan reaches a level where “everyone feels comfortable going out again,” he said. Kobayashi said the overall consumer outlook is positive, even taking into account concerns about Covid variants like delta.

After a slow launch at the beginning of the year, vaccination rates in Japan have risen substantially in recent weeks. Daily doses of Covid-19 vaccine administered even crossed the million mark in June, according to Our World in Data.

Japan’s doses per 100 people averaged 0.77 for the seven days ending July 1, according to Our World in Data. That’s higher than the doses of 0.48 and 0.32 per 100 in the UK and the US, respectively, during the same period.

Still, only 12.65% of Japan’s population has been fully vaccinated against Covid, compared to the UK and the US, which have inoculated more than 40% of their population. In 2020, Japan had a population of more than 125.83 million, according to World Bank data.

‘Positive’ Olympics for Japan’s retail

Japan is just weeks away from hosting the Summer Olympics, but Tokyo prefecture remains under priority measures aimed at limiting the spread of the virus. Some aspects of the games remain undecided. Japanese Prime Minister Yoshihide Suga said Thursday that could be held without spectatorsaccording to local news agency Kyodo News.

Still, EY’s Kobayashi said the Olympics are likely to have a “positive impact” on Japan’s retail landscape, even if viewers are unable to participate in the games.

In the short term, he said products such as high-definition televisions could see an increase in demand. Meanwhile, a successful Olympic Games “will increase Japan’s attractiveness” as a long-term international travel destination, he said.

“This is great news for inbound tourism and consumption,” Kobayashi said.

Disclosure: NBCUniversal, parent of CNBC, owns NBC Sports and NBC Olympics. NBC Olympics is the US broadcast rights holder for all Summer and Winter Games through 2032.

Do Not Miss

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Biden exaggerates his record with the COVID vaccine

0
WASHINGTON (AP) - President Joe Biden spoiled the numbers behind the launch of the COVID-19 vaccine on Thursday as he struggled to take all...

Alec Baldwin speaks after Halyna Hutchins was fatally shot with a...

0
Alec Baldwin spoke for the first time after the tragic incident that led to the fatal shooting of cinematographer Halyna Hutchins. As we...

Israel accuses Palestinian human rights groups of terrorism

0
JERUSALEM (AP) - Israel on Friday declared six prominent Palestinian human rights groups terrorist organizations and said they were secretly linked to a left-wing...

Ethiopian airstrikes in Tigray force UN flight back

0
NAIROBI, Kenya (AP) - Ethiopian military airstrikes on Friday forced a United Nations humanitarian flight to abandon its landing in the capital of the...

‘Carmen Mola’ and the politics of a pseudonym

0
You could look at the story of “Carmen Mola” this way: a group of guys masquerade as a woman and get, first, a pass...

Queen: Queen Elizabeth II spent the night in hospital for tests:...

0
LONDON (AP) - Queen Elizabeth II spent a night in hospital for tests after being forced to cancel a visit to Northern Ireland this...

Activists organize climate protests on every continent

0
BERLIN (AP) - Environmental activists staged protests on several continents on Friday to press their demands for more government action to curb global warming...

US officials closely monitor the ‘delta plus’ mutation as it spreads...

0
Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, testifies before a Senate Health, Education, Work and Pensions Committee hearing in...

Bank of America Says To Buy These Energy Stocks And Sell...

0
Oil prices are rising, and Bank of America is recommending that clients buy energy stocks and ditch certain consumer names.

Voyager, Nanoracks and Lockheed’s “Starlab” is the latest sign of low...

0
The era of private space stations is officially here when Nanoracks, Voyager Space and Lockheed Martin announce plans to launch a commercial station in...

TSN Archives: Death Visits Gridiron – ‘The Winning is Cast’

0
DETROIT, me. - The Chicago Bears beat the Detroit Lions, 28-23. But nobody cared. Chuck Hughes' impressive collapse with 62 seconds to go...

Tyson Fury sends a classy message to Deontay Wilder on his...

0
Tyson Fury wished archrival Deontay Wilder a happy birthday by sharing a heartfelt message on Twitter.In a video he posted, 'The Gypsy King' wished...

Taper time: US Fed Chief Says Bank Should Reduce Asset Purchases...

0
Federal Reserve Chairman Jerome Powell also added that the US central bank was not yet ready to raise interest rates and would instead allow...

Colin Powell: wise statesman or pawn?

0
The late American general was an inspiration to immigrants and African Americans, but his role in the Iraq war did great damage.

Turkish Halkbank to be charged in case of sanctions against Iran

0
NEW YORK (AP) - A Turkish bank faces criminal charges for circumventing sanctions against Iran by processing billions of dollars of Iranian oil revenue,...

“I need to work”: Italy’s green pass rule spurs an increase...

0
At the vaccination center outside Rome's Termini train station, a steady stream of people has been arriving to receive their first dose of Covid...

court: Supreme Court does not block Texas abortion law, sets hearing

0
WASHINGTON: The Supreme Court is allowing the Texas law that bans most abortions, but has agreed to hear the case in early November. ...

Texas abortion law receives Supreme Court arguments

0
WASHINGTON (AP) - The Supreme Court on Friday allowed a Texas law that bans most abortions to remain in effect for now. But...

Five Police Officers Face Hearings Over Messages About The Sarah Everard...

0
Five police officers from four forces will face disciplinary proceedings after a separate watchdog investigates social media posts related to Wayne Couzens, the killer...

Adobe requires vaccinations for U.S. employees by December 8

0
The Adobe Systems world headquarters in downtown San Jose, California.Lisa Werner | Moment Mobile | fake imagesThe software company Adobe told U.S....

Steny Hoyer wants framework for Biden’s Build Back Better plan by...

0
House Majority Leader Steny Hoyer aims to reach an agreement on President Joe Biden's social safety net plan by Monday as Democrats fight to...

David Price replaces Joe Kelly on the NLCS Dodgers roster

0
Dodgers captain Dave Roberts announced that the right Joe Kelly has been removed from the team's playoff roster following a bicep injury that occurred...

“They want Salah to sign a new contract rather than sign...

0
Liverpool have prioritized securing Mohamed Salah's future before new signings, according to renowned journalist Fabrizio Romano.The Egyptian's current contract with the Reds expires in...

Becky Lynch breaks character after Crown Jewel with long Instagram post

0
Becky Lynch posted an extensive post on Instagram after Crown Jewel in which "The Man" broke character and thanked the female superstars on the...

More countries criticize China at the UN for its crackdown on...

0
More than 40 countries, mainly Western, have criticized China at the United Nations for allegations of torture and repression of Uighurs, mostly Muslims, and...

Melbourne, 262 days locked up, celebrates reopening

0
Melbourne residents have spent more days locked up (262, to be precise) than people anywhere else in the world. And on Friday, they...

Israel Labels Palestinian Human Rights Groups Terrorist Organizations | Israel

0
Israel has accused six prominent Palestinian human rights groups of being terrorist organizations, saying they have covert ties to a militant movement.Most of the...

Elon Musk says Starship should be ready for first orbital launch...

0
SpaceX's Starship rocket is still under development in southeast Texas, with great progress on key elements such as building the launch tower and installing...

David Tepper doesn’t think stocks are a great investment here, but...

0
David Tepper, founder and president of Appaloosa Management.David Orrell | CNBCHedge fund manager David Tepper turned somewhat bearish on the stock market, citing...

US Department of Commerce Data shows it issued ~ $ 103...

0
Kate O'Keeffe / Wall street journal: US Department of Commerce Data shows that it issued ~ $ 103 billion in export...

AI is reinventing what computers are

0
Fall 2021: the season for pumpkins, pecan pies, and new peach phones. Every year, at the right time, Apple, Samsung, Google and...

Partner sessions go all out at TC Sessions: SaaS 2021 –...

0
TechCrunch events always offer an engaging combination of main stage performances and smaller group sessions that allow more time for many questions and deeper...

Former South African cop killed family and boyfriend for insurance money

0
Former South African police officer Nomia Rosemary Ndlovu was found guilty of killing five family members and her boyfriend at the end of a...

Max Scherzer to take the mound against the Braves to keep...

0
The Braves face a chance to lead the Dodgers 3-1 in the NL Championship Series for the second year in a row after an...

Twitter Admits Algorithm Bias for Right-wing Politicians and Media | ...

0
Twitter has admitted that it amplifies more tweets from right-wing politicians and media than content from left-wing sources.The social media platform examined tweets from...

Octavia Spencer to star in and EP “The Bobby Love Story”...

0
Octavia Spencer is ready to add to her eternally busy list with new project "The Bobby Love Story," a one-hour starring and executive producing...

Brazil Women vs USA Women Probable 11s, Launch Report, Weather Forecast,...

0
In the eighth match of the Americas Qualifier for the ICC T20 Women's World Cup, Brazil Women and United States Women will meet at...

Is Alex Rodriguez unlikely to return to ‘Sunday Night Baseball’?

0
ESPN appears to be closing in on a new "Sunday Night Baseball" broadcast team, and it may not include Alex Rodriguez.Action Network's Darren Rovell...
- Advertisement -

Don't Miss