Japan’s Abe Looking at the Bright Side, But Extending Restrictions Until August 31
Japan is expending restrictions until the end of August
Skerdian Meta•Wednesday, July 22, 2020•1 min read
After China where the coronavirus originated, as usual, other countries in East Asia were the first where the virus spread outside of China. But, those countries are used to viruses and they took it sort of easy. Japan didn’t close the country, or sent people into lock-downs, since it is unconstitutional there, or everywhere else for that matter. They eventually restricted movement and gatherings, but Japan’s Prime Minister Shinzo Abe is trying to sound optimistic now, although after the first postponing, they are pushing restrictions until the end of August now.
Comments by Japan prime minister, Shinzo Abe
- Will keep event restrictions until the end of August for now
- There are fewer seriously ill patients related to the virus
- Current foreign entry rules to be extended until the end of August
- But to gradually allow re-entry of foreigners into the country with permission
Abe is trying to defuse tensions at the moment as the government is running into a bit of a crossroads. They are trying to proceed with the reopening of the economy but the resurgence in virus cases is causing a real concern among the general population.
As mentioned before, the fact that the virus is spreading rapidly among younger population isn’t necessarily a good thing if they cannot curb the outbreak as a whole. In time, that will just increase odds of the elderly population contracting the virus and as the case numbers build, so will hospitalisations and deaths – albeit with a bit of a lag.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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