News

Japan is to set to extend virus emergency in Tokyo

Japan is to set to extend virus emergency in Tokyo, 8 other areas beyond may 31st deadline according to the Yomiuri newspaper citing sources.

Japan had declared a state of emergency in three more prefectures hit hard by the COVID-19 pandemic, Prime Minister Yoshihide Suga two Friday's, a surprise move that reflects growing concern about the spread of the coronavirus.

The latest declaration came as Japan grapples with a surge of a more infectious virus strain just 10 weeks before the Tokyo Olympics are due to start on July 23.

A Reuters poll showed the economy would grow much more slowly than previously hoped this quarter, hobbled by emergency curbs.

''It is likely to expand an annualised 1.7% this quarter, less than half the 4.7% projected last month, according to the poll of 33 economists conducted May 6-13, '' Reuters wrote. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.