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(U2) More Stable But Still Fragile


(U2) Back Above Bear Trigger


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Gearoid Ready at Bloomberg tweets: "The state of emergency will be extended in Tokyo and 18 other regions until the end of the month. Okayama and Miyagi get let off the hook and downgraded to mambo ['Mambo' refers to quasi-state of emergency measures]. 6 mambo regions (Toyama, Yamanashi, Ehime, Kochi, Saga and Nagasaki) will be mambo-free."

  • While cases continue to increase across Japan, the escalation in the rate of new cases that seemed to centre around the Tokyo Olympic Games appears to have peaked (see chart below). As is usually the case, fatalities becomes a lagging indicator, but data from recent days shows the peak may have been reached there as well.
Chart 1. COVId-19 Cases and Fatalities in Japan, Nominal and % chg d-t-d

Source: JHU, MNI

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