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Japan expands COVID-19 curbs as surges strain hospitals
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Japan to expand COVID-19 curbs as surges strain hospitals
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The Dollar/Yen is inching higher early Wednesday after hitting its lowest level since May 26 the previous session amid some risk aversion concerns. Lower Treasury yields are also weighing on the greenback, which may be indicative of fears of a coming disappointment in economic growth.
At 03:44 GMT, the USD/JPY is trading 109.034, up 0.003 or +0.00%.
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by Tyler Durden
Tuesday, Aug 03, 2021 - 09:25 PM
The Olympics are in full swing and COVID cases have continued to climb in Tokyo (and across Japan).
And while top medical officials, including the head of the Japan Medical Association, call for a nationwide state of emergency to contain a surge in COVID-19 cases in Tokyo and elsewhere, the government has instead been forced to limit hospitalizations only to the most severe COVID cases as worries grow about the country s health-care system being overwhelmed. Some have complained this policy might boost the COVID death toll, which remains surprisingly low in Japan despite the country s elderly population: Just over 15K people have died in a country with more than 126MM people.
Japan Sees Surge in Coronavirus Cases; Medical System Could Collapse
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