Archive for April 11th, 2020

Japan sees 51 coronavirus-related bankruptcies

11-Apr-2020 Intellasia | Reuters | 6:02 AM

The coronavirus pandemic has pushed 51 Japanese companies into bankruptcy with a spike in new cases seen in April, Tokyo Shoko Research said on Friday, underscoring the toll [...] » More

Japan’s Financial Markets Gird for Tokyo Emergency Measures

11-Apr-2020 Intellasia | Bloomberg | 6:02 AM

As the world’s most populous city prepares to adopt emergency measures to contain the deadly coronavirus, Tokyo’s financial markets are about to find out how [...] » More

Japan finmin dismisses need for BOJ to underwrite debt over virus stimulus

11-Apr-2020 Intellasia | Reuters | 6:02 AM

Japan’s government is not planning to ask the Bank of Japan to finance its debt, which has been driven up by stimulus spending to contain the economic fallout from the [...] » More

Japan auto industry vows to protect jobs amid virus crisis

11-Apr-2020 Intellasia | AP | 6:02 AM

Toyota Chief Executive Akio Toyoda promised Friday that the Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic. Toyoda, [...] » More

Japan’s battle with pandemic may mark end of Abe’s fiscal experiment

11-Apr-2020 Intellasia | Reuters | 6:02 AM

The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for [...] » More

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

11-Apr-2020 Intellasia | Reuters | 6:02 AM

Uncertainty over Japan’s economic outlook is “extremely high” as the coronavirus pandemic hits output and consumption, central bank Governor Haruhiko Kuroda [...] » More

Tokyo seeks shop shutdowns, Kyoto warns tourists away as coronavirus threatens Japan economy

11-Apr-2020 Intellasia | Reuters | 6:02 AM

Metropolitan Tokyo asked some businesses to close and the ancient capital of Kyoto warned tourists to stay away as Japan battles a fast-spreading outbreak of the new [...] » More

Japan Short-Term Fund Rates Jump as Virus Hurts Company Mood

11-Apr-2020 Intellasia | Bloomberg | 6:02 AM

Credit market rates are showing that the global rush for cash is intensifying in Japan as well. In a sign that Japanese companies are stockpiling cash due to deep worries [...] » More

Japan’s sudden spike in coronavirus cases after Tokyo Olympics postponement raises eyebrows

11-Apr-2020 Intellasia | ABC | 6:02 AM

Japan reported more than 500 new positive cases of the novel coronavirus for the first time Thursday, the latest in a sudden spike in infections since the Tokyo Olympics were [...] » More

Nissan Seeks $4.6 Billion in Loans as Sales Plunge

11-Apr-2020 Intellasia | Bloomberg | 6:02 AM

Nissan Motor Co. has requested loans totalling 500 billion yen ($4.6 billion) from lenders including Japan’s three megabanks as the carmaker suffers from plunging sales [...] » More

What Japan Can Teach the World About the Pandemic

11-Apr-2020 Intellasia | Time | 6:02 AM

Americans now grappling with COVID-19 may believe Asia’s experience offers hope in the form of a glimpse at a postviral world. After all, this was the region where the [...] » More

SportSG launches $2m grant for sports industry to create home-based activities

11-Apr-2020 Intellasia | Yahoo News Singapore | 6:02 AM

Sport Singapore (SportSG) launched this year’s Active Enabler Programme (AEP) with a grant budget of $2 million for the sports industry to create home-based activities [...] » More

Singapore orders 10 non-essential businesses to close after they flout rules

11-Apr-2020 Intellasia | TheStar | 6:02 AM

Ten businesses that do not provide essential services have been told to cease operations after they were found to have remained open during the circuit breaker period that [...] » More

Singapore extends assessment of digital bank licences due to COVID-19 outbreak

11-Apr-2020 Intellasia | CNA | 6:02 AM

The Monetary Authority of Singapore (MAS) said it has extended the assessment period for approving digital bank licences, citing the global escalation of the COVID-19 [...] » More

Coronavirus: Should the world worry about Singapore’s virus surge?

Coronavirus: Should the world worry about Singapore’s virus surge?

11-Apr-2020 Intellasia | BBC | 6:02 AM

Singapore had been a master class in how to handle the Covid-19 outbreak. Before the disease even had a name, the country had stringent travel restrictions and an efficient [...] » More