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Free AccessPM Imposes 'Virus Measures' In 3 Areas, Wants To Avoid State Of Emergency
Japan's Prime Minister Yoshihide Suga has stated that he is placing three prefectures - Osaka, Hyogo, and Miyagi - under 'virus measures' to contain the spread of COVID-19, but has stated that he wants to avoid calling an official 'state of emergency' in these areas.
- The measures will include shorter business hours, asking people to work from home, and refraining from activities like karaoke.
- While Japan's COVID-19 statistics show the country has proved much more effective in containing the virus than its western peers, there has been a slow but steady acceleration in the rate of new cases being confirmed in recent weeks (see chart below)
- The gov't remains committed to hosting the Olympic Games in Tokyo this year, with its potential cancellation for a second time being viewed as a potential resigning issue for the gov't, coming just months ahead of the legislative election due by 22 October.
Chart 1. Japan COVID-19 Cases and Fatalities
Source: JHU, MNI
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.