On Friday, Tokyo Governor Yuriko Koike told a news conference, the government is considering loosening some restrictions on businesses from June 1.
However, he urged people to continue to avoid travel to other regions.
Gyms and department stores will be allowed to reopen from Monday, Koike said.
This comes as the government is pushing for re-opening the economic activity amid a lump in the industrial activity and deteriorating business and labor market sentiment.
- Japan’s Aso: Fiscal situation will deteriorate further ahead as tax revenue will likely decline
- Japan's Nishimura says Industrial Production is in severe condition
- Last time the Japanese government described industrial production as decreasing rapidly was in November 2008
The yen extends its recovery mode, as USD/JPY heads closer towards 107.00. The optimism over the Japanese economic re-opening combined with the US-China tensions is boding well for the yen.
At the press time, USD/JPY drops 0.33% to 107.27, fresh daily lows.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.