TOKYO (Reuters) – Japan’s state of emergency over the COVID-19 pandemic will affect the economy in the January-March quarter, but it is too early to predict what will happen beyond that, Finance Minister Taro Aso said on Friday.
Japan declared a limited state of emergency in the capital Tokyo and three neighbouring prefectures on Thursday to stem the spread of the coronavirus.
Video: Financial Analysts in Demand in China (Bloomberg)
- Treasury Yields May Go Higher Still, Fidelity Says Jan.06 — Treasury yields are likely to keep on rising, according to Andrea Iannelli, investment director at Fidelity International. He made the comments after benchmark yields touched 1% for the first time since March. “We do expect the Federal Reserve to counterbalance that increase,” he said on “Bloomberg Surveillance.” Bloomberg
- Pound May Fall Vs. Dollar Amid Recession Risk, Credit Agricole Says Jan.06 — The pound is set to weaken against the dollar as the U.K. faces the risk of a double-dip recession and a rate cut by the Bank of England, according to Valentin Marinov, head of G10 FX research and strategy at Credit Agricole. “The current levels in cable are potentially a good level to take profit,” Marinov said on “Bloomberg Markets: European Open.” Bloomberg
- India’s Renew Power Evaluating IPO, Chairman Sinha Says Jan.05 — Sumant Sinha, chairman and managing director of ReNew Power Ltd., Indiaâ€™s largest renewable energy company backed by investors including Goldman Sachs Group Inc., discusses his business strategy and energy demand in the country. India, the worldâ€™s third-largest emitter of greenhouse gases, has set out targets to nearly double its renewable power capacity to 175 gigawatts by 2022 and raise it fivefold to 450 gigawatts by 2030. Sinha speaks during the “India Focus” segment on “Bloomberg Markets: Asia.” Bloomberg
(Reporting by Tetsushi Kajimoto; Editing by Christopher Cushing)