Japan seeks to lift state of emergency at end-September

Ross J Burland FXStreet

Reuters has reported that the Japanese government will seek advisers' approval to lift all emergency curbs at the end of the month as the number of new coronavirus cases falls and the strain on the medical system eases, Economy Minister Yasutoshi Nishimura said on Tuesday.

''If approved by a panel of government advisers, Japan as a whole would be out of a state of emergency for the first time in nearly six months.

Like many other countries, Japan had struggled to contain the spread of the highly infectious Delta variant - including through the Summer Olympic Games - keeping much of the country under emergency restrictions.

But new daily cases steadily declined over the past month, to 2,129 on Sunday, while the number of severe cases also fell. About 56% of the population is fully vaccinated and the government has said all those who want the shot will have gotten one by November.''

There has been no reaction in the yen to the news.

USD/JPY touches multi-month high above 111.00 amid stronger USD

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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