Tokyo Governor Koike: Govt to loosen some restrictions on businesses from June 1

Dhwani Mehta FXStreet

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.

Market reaction

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.

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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