Japan’s Nishimura: Government to lift Tokyo area state of emergency as planned on March 21

Dhwani Mehta FXStreet

The Japanese government has approved a plan to let the state of emergency expire in the Tokyo area as scheduled on March 21, Economy Minister Yasuhisa Nishimura said after a meeting with the advisory panel. after a meeting with the advisory panel on Thursday.

Key quotes

“There was no objection to the plan.”

“Experts noted that infections had been creeping up in recent days and that a resurgence was bound to occur.”

“The important thing is to make sure the rebound is not a big one - to keep the waves small.”

“We ask our citizens to continue to take the basic precautions to prevent the spread of infections.”

Market reaction

USD/JPY is off the highs, defending the 109 level, as of writing. The spot adds 0.20% on the day while the US dollar licks its wound after the dovish Fed-led tumble.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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