According to a survey, more than half of Japanese firms believe the Tokyo Olympic Games should be canceled or postponed. Think Tank Tokyo Shoko Research showed the survey on Monday, which cast further doubt over the troubled Games’ fate. The country is struggling to contain COVID-19, lagging behind western countries in rolling out vaccines. Meanwhile, …
Survey says over half of Japan firms want Olympics cancelled Read More »
The Japanese economy will likely suffer a much bigger contraction than initially expected in the January-March quarter. According to a poll, the extended state of emergency to contain the coronavirus pandemic hurt corporate and household spending. Analysts said whether or not Tokyo proceeds with the Olympic Games 2021 would have little impact on the economy …
Japan might suffer bigger-than-expected slump in Q1 Read More »
Japan’s banking regulator is surveying regional lenders on how local businesses cope with new restrictions to contain COVID-19. It is seeking to forestall a spike in bankruptcies. The Financial Services Agency (FSA) survey follows last month’s government’s roll-out of state-of-emergency measures to destabilize regional economies. The move highlights their concern over the prolonged and widening …
Japan Bank Regulator Surveys Impact of COVID-19 Restrictions Read More »
On February 4, the U.S. dollar increased to its highest over two months versus the euro and the yen. Pessimism about the U.S. economic outlook recovered before the announcement of significant data on the jobs market. The sterling declined against the American currency but traded close to an 8-month high against the euro. Traders are watching the …
The dollar rose to 2-months high against the euro and yen Read More »
The U.S. dollar held gains on January 18. The Japanese yen boosted as softening U.S. economic data, and increasing global COVID-19 cases kept investors cautious. Meanwhile, lockdowns and Italian political turmoil held the euro under pressure. Notably, the euro declined to a six-week low of $1.2066 in Asia and dropped to a one-month low of 125.20 yen. …
The dollar and yen boosted, while the euro declined Read More »
Japan’s Prime Minister Yoshihide Suga is ready to declare a state of emergency Thursday for Tokyo and its adjacent areas. This is to stem COVID-19 infections that are hitting record highs. It will cover Kanagawa’s capital and its surrounding prefectures. Moreover, it will also include Saitama and Chiba’s capital and surrounding prefectures, respectively. Reports said …
Japan’s PM Suga to Declare Virus Emergency for Tokyo Read More »
Japan’s possible declaration of a state of emergency in Tokyo will likely trigger a contraction in January-March. This adds to the headache of policymakers struggling to cushion the economy from the blows of the pandemic. The world’s third-largest economy bounced back sharply in Q3 last year from a record April-June slump caused by the coronavirus. …
Japan’s State of Emergency Triggers Q1 Economic Contraction Read More »
The major Asia-Pacific currencies declined as the greenback strengthened. Some volatility made the Japanese Yen a less-attractive safe-haven while declining demand for the higher-risk Australian and New Zealand Dollars. There was little domestic data in Australia, New Zealand, and Japan to drive the price action. Still, the recent movement shows that traders are throwing their …
Japanese Yen, Australian And New Zealand Dollars Saw a Decline Read More »
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