Japan’s Difficult Choice Between Economy and Pandemic
Moving forward with the Olympics means not conceding defeat to Covid-19. But the cost could be high.
The Summer Olympics in Tokyo are little more than a month away, and workers are readying a rebuilt National Stadium for the opening ceremony. But what should be an opportunity for Japan to recharge its economy and lure back tourists is instead a source of apprehension for its 126 million people. On this week’s podcast, Tokyo-based economics reporter Yuko Takeo dives into Japan’s decision to move forward with the Olympics. Then host Stephanie Flanders talks to Paris-based economics reporter William Horobin about the Group of Seven’s landmark corporate tax deal, and U.S.-based economics reporter Olivia Rockeman speaks to Stanford University economist Nicholas Bloom on why the work-from-home revolution could worsen workplace inequality.