Japan Considering Virus Emergency as Cases Surge, Suga Says
Japanese Prime Minister Yoshihide Suga is considering declaring a state of emergency to stem a surge in coronavirus infections that has sent the country’s number of confirmed cases to record highs in recent days.
Suga told a news conference Monday the government will finalize the extent of the emergency declaration shortly as it pushes to strengthen measures against the virus. He also urged people to avoid unnecessary outings and said he will ask parliament to amend an act on virus management when it convenes this month.
The prime minister has been in a bind over the declaration. He has so far held off on the move that could slow his push to keep the economy going while containing the virus. But he also seen his support rate slip with respondents in surveys saying he needs to do more to halt the spread of infections.
Japanese stocks declined on the first trading day of the year following reports of a state of emergency, with the benchmark Topix Index falling as much as 1.6%. Tokyo Disney Resort operator Oriental Land Co. weighed on the gauge the most, falling 3.3% in morning trading.
297,491 in U.S.Most new cases today
+12% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-0.7893 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
3.7% Global GDP Tracker (annualized), Nov.