Japan’s economy faces extreme uncertainty as coronavirus spreads: central bank head

TOKYO (Reuters) – Uncertainty over Japan’s economic outlook is “extremely high” as the coronavirus pandemic hits output and consumption, central bank Governor Haruhiko Kuroda said, stressing his readiness to take additional monetary steps to prevent a deep recession.

Head of Japan junior coalition partner wants to consider more economic steps

(Reuters) – The head of Japan’s Komeito party, the junior partner in the coalition government, said he wants to consider additional economic steps after the imposition of a state of emergency and the postponement of the Summer Olympics amid the coronavirus woes, Kyodo news agency said.

Some firms in central Japan cutting back on capex: BOJ official

TOKYO (Reuters) – Some companies in the Tokai central Japan region, which is home to auto giant Toyota Motor Corp and its parts suppliers, are cutting back on capital expenditure and holding off on new hiring, a senior central bank official said on Thursday.

Japan state of emergency mutes nightlife but cities still open as infections rise

“The situation is quite severe. Business sentiment is souring. Firms dealing with inbound tourism and consumption are seeing sharp declines in sales,” Yasuhiro Yamada, the BOJ’s Osaka branch manager overseeing the Kinki western Japan region, told a news conference.

As outbreaks flatten in places, Japan, India see more cases

Japan reported more than 500 new cases for the first time Thursday, a worrisome rise since it has the world’s oldest population and COVID-19 can be especially serious in the elderly. Prime Minister Shinzo Abe declared a state of emergency, but not a lockdown, in Tokyo and six other prefectures earlier this week. Companies in […]

Japan’s economy faces ‘extremely high’ uncertainty on pandemic hit: central bank head

TOKYO (Reuters) – Uncertainty over Japan’s economic outlook is “extremely high” as the coronavirus pandemic hits output and consumption, central bank Governor Haruhiko Kuroda said, stressing his readiness to take additional monetary steps to prevent a deep recession.

Japan nationals stranded in India to fly home via Bengaluru

“As this flight was announced today, we expect to receive ticketing requests shortly through our local office in India. We do not have specific numbers to report yet. The aircraft we plan to operate will have 239 seats available per day, Morimoto added. Japan Airlines will operate the flights from Bengaluru to Tokyo Narita airport. […]

Japan’s COVID-19 State of Emergency Locks Down Criticism

Again, the Diamond Princess example is instructive, since it took place at a time when Tokyo still harbored ambitions to hold the Olympics this year. Not only did the government’s quarantine fail, it then failed to test 23 passengers before letting them leave the ship and in the end, let infected passengers return home by […]

Japan coronavirus cases pass 5,000 as state of emergency fails to keep people home

The milestone came as the central bank warned the coronavirus pandemic had created an “extremely high” level of uncertainty for the world’s third-largest economy, with regional economies facing their worst conditions since the global financial crisis a decade ago.

Virus crisis is a chance for India to finally reform its economy

By Anirban Nag and Subhadip Sircar A looming economic crisis triggered by the coronavirus pandemic is a chance for India to enact sweeping reforms to fix ailing sectors and attract more foreign investment to the country. That’s a call being made by a former central banker and an ex-government official, as well as financial market […]