Rokin Banks’ Response to the COVID-19 Outbreak in Japan

Like any other country, the population and economy of Japan werre badly affected by the COVID-19 pandemic. The preliminary figures for real GDP in the second quarter of 2020 show a decline of 7.8 percent. Rokin Banks (a network of 13 union-led cooperative financial institutions) are well positioned to provide support and protect the livelihoods of workers and their families, given their 70-year-experience in building an inclusive society and advancing financial inclusion of workers.

This brief shares details on what special measures Rokin Banks have introduced in response to the pandemic.