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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.
JAPAN
The Tokyo metropolitan gov't confirmed that it recorded 1,979 new COVID-19 cases in the past 24 hours, the highest daily total since mid-January, raising concerns further about a more widespread outbreak of the virus just as the Tokyo Olympic Games get underway.
- The hosting of the Games remains controversial in Japan, and if a major wave of infections becomes linked to the event it could lead to a backlash against the gov't of PM Yoshihide Suga. The gov't is already struggling with declining approval ratings ahead of this autumn's general election.
- The Tokyo authorities and the gov't have frequently stated that a spike in cases ahead of the Games could lead to their suspension, but with just over 24 hours until the opening ceremony is slated to start, this seems unlikely.
Chart 1 . Japan COVID-19 Cases and Fatalities, Nominal and % chg D-t-D (5dma)
Source: JHU, MNI. N.b. Each dot indicates individual data point.
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.
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