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"From February to March, we experienced the fastest market downturn in history," said Savita Subramanian, an analyst at Bank of America, in a research note. "But what's really unusual is the nature of the crisis, driven by a deadly virus. This is the first time in several generations that we've seen a global economic downturn driven entirely by a social challenge."

"Greater efforts should be made in streamlining administration, enhancing compliance oversight and delivering better services to foster an internationally competitive business environment that provides equal treatment to domestic and foreign enterprises and stimulates the vitality of market entities and social creativity," he said.

"For example, it is powerful enough to change the cosmetics industry and force them to make more water-based makeup products instead of oil-based ones for young ladies. The young females love to take selfies in the morning when their makeup is fresh and oil-based cosmetics would ruin a perfect selfie by making them look oily."

"From Japan's recent announcement to upgrade Izumo into an aircraft carrier and the import of the US-built Joint Strike Fighter F35-B to Abe's constitution amendment proposal, it reveals Tokyo's ambitions to strengthen its military capabilities step by step."

"Generally, the number of workers aged 18 to 64 is dwindling, while the older population is increasing, leading to a manpower shortage in some industries," he said.