Japan Exchange Group (JPX), a Japanese financial services corporation, has announced on Friday that trading activities will continue running in Tokyo despite the recent government’s announcement declaring a state of emergency in the city. According to a press release, the current status of the nationwide spread of Covid-19 is boosting the number of new cases in the country, but it has not halted the trading so far.
“The government of Japan announced yesterday that it will declare a state of emergency for Tokyo effective from July 12 over the spread of Covid-19. However, trading for all of the markets on the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange will continue as usual,” JPX noted. After a meeting with health experts, the Japanese government determined to issue the state of emergency ahead of the Olympic Games.
“JPX Group remains committed to ensuring stable market operations and reliability of the market through effective market surveillance as well as by monitoring the movements of each market. We appreciate your continued understanding and support,” the operator added. According to the officials, the order will take effect starting Monday to August 22. Tokyo has been under some preventive measures that seem to be proving less effective at slowing the spread of the coronavirus.
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Tokyo Daily Cases Could Hit 1,000 in August
The Associated Press, citing experts’ estimations, says that daily cases in Tokyo could hit 1,000 before the Olympic Games, which were set to take place last year, but it was delayed due to the Covid-19 outbreak. Furthermore, forecasts are pessimistic on the number of cases expected for August, as experts believe it could skyrocket into thousands.
“The infections are in their expansion phase and everyone in this country must firmly understand the seriousness of it. The period from July to September is the most critical time for Japan’s COVID-19 measures,” Dr Shigeru Omi, a top government medical adviser, told local reporters.