Asia-Pacific Losing the Covid War It Won: New Economy Saturday

 Asia-Pacific Losing the Covid War It Won: New Economy Saturday

The Tokyo Olympics were supposed to be a victory celebration, or as former Japan Self Defense Forces chief Katsutoshi Kawano put it, “proof that the world has defeated the virus.”

Some of the world has indeed triumphed (at least for now). But alas not Japan, where Covid-19 cases have spiked again. While Americans gather for maskless parties on Memorial Day weekend, Japanese authorities just extended a health emergency in Tokyo and other major cities. This with less than two months to go before the opening ceremonies.

Many Japanese fear the Games will become a superspreader event; polls show most citizens would like to postpone or scrap them altogether. One prominent Japanese business executive even called the Olympics a “suicide mission.”

How did Japan miscalculate so badly?

This week in the New Economy

 

Blame Japan’s sluggish vaccine…

Read full article…www.bloomberg.com