Japan’s Suga: Not true that government will declare state of emergency on April 1
|Japanese Chief Cabinet Secretary Yoshihide Suga came out on the wires in the last minutes, via Reuters, declining the latest chatter that Japan’s government is set to declare a state of emergency on April 1.
This comes amid rife expectations that a state of emergency will be imposed on Tokyo after the capital reported 68 new coronavirus cases, a record daily increase.
Meanwhile, Reuters quoted some sources, saying that the government will likely issue JPY16 trillion in additional government bonds to fund stimulus package.
USD/JPY reaction
Amid risk recovery and broad US dollar rebound, USD/JPY extends its rebound and is up nearly 100-pips from near two-week lows of 107.14.
The spot now trades at 108.17, up 0.30% on a daily basis.
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