Japan’s Nishimura: China coronavirus spread could hurt Japanese exports, output and corporate profits
|Japanese Economy Minister Nishimura warned on Tuesday that the Japanese corporate profits and factory production could likely take a hit from the China coronavirus outbreak.
Key Quotes:
There are concerns over the impact on the global economy from the spread of infection in China, transportation disruptions, cancellation of group tours from China and an extension in the Lunar Holiday.
If the situation takes longer to subside, we're concerned it could hurt Japanese exports, output and corporate profits via the impact on Chinese consumption and production.
On the above headlines, the Japanese yen remains unmoved, as USD/JPY keeps its bid tone intact around the 109 level amid the China coronavirus scare induced risk-aversion and broad US dollar strength.
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.