Japan’s Nishimura: Need to deal with coronavirus countermeasures with a sense of urgency

Dhwani Mehta FXStreet

Japanese Economy Minister Yasutoshi Nishimura said in a statement on Wednesday, expressed his concerns on the rising number of new coronavirus cases in the country.

Key quotes

“Need to deal with coronavirus countermeasures with a sense of urgency.”

“Untraceable cases among older people are gradually rising. “

On Tuesday, Nishimura said that the government plans to use the domestic demand to revive the economic growth after April-May decline,

Market reaction

The yen is little changed on the above comments, as USD/JPY continues to challenge highs near 107.70, with eyes on the 108 handle amid a bounce in the S&P 500 futures.

S&P 500: Futures part ways from Wall Street despite grim headlines

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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