Japan PM Suga: Decided on state of emergency to turn the tide around for coronavirus infection
|The government decided on a state of emergency to turn the tide around for coronavirus infection, Japan’s Prime Minister (PM) Yoshihide Suga said while addressing a news conference after declaring a one-month state of emergency, starting January 8.
Additional comments
To offer a maximum of 1.8 mln yen a month compensation for restaurants, bars that comply with shorter hours.
Japan's jobless rate remains the lowest among major countries.
Will make it priority to protect jobs, help companies sustain the business.
Plan to revise law concerning coronavirus responses to make it possible to implement more. effective anti-prevention measures.
Will take every measure to support medical system, including use of military if needed.
Unavoidable for the state of emergency to hurt the economy.
Hope to protect jobs, businesses with stimulus package already rolled out.
Determination to host Olympics unchanged.
In order to host the Olympics, taking firm measures now against coronavirus is essential.
USD/JPY challenging highs near 103.50
Amid Japan’s state of emergency declaration and surging US Treasury yields, USD/JPY gains 0.40% on the day to trade at 103.44, fresh six-day tops.
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.