Japan’s Matsuno: If any new coronavirus variants identified, we will reconsider border controls

Anil Panchal FXStreet

“If any new coronavirus variants are identified we will reconsider our border controls as needed,” said Japan’s Chief Cabinet Secretary Hirokazu Matsuno per Reuters.

The policymaker adds, “New covid variety that has yet to be discovered in Japan.”

Market reaction

The news adds strength to the virus-led risk-off mood in the markets and weighs on the US stock futures, as well as Treasury yields. It’s worth noting that the fears of the virus variant spreads outside Eurozone of late amid chatters that the new version, with a formal name of B.1.1.529, is linked to South Africa and is immune to the vaccines.

Read: Yields drop the most in a week, S&P 500 Futures down too amid risk-off mood

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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