Friday, 11 Sep 2020 12:55 PM MYT
The poll of analysts forecast the world's third-largest economy to contract more than previously expected in the current fiscal year to March as the pandemic hits companies and households. Asked which areas the government should focus on under the new prime minister, 37 economists in the September 2-10 poll selected “response to the coronavirus pandemic” while 28 picked “digitalisation in society and among firms.”
Out of the total economists surveyed in the poll, the median forecast of 30 analysts showed Japan's economy is expected to contract 6.0 per cent this fiscal year, the biggest contraction since comparable data became available in 1994 and worse than the 5.6 per cent fall projected last month.Some analysts responded to the survey before data released on Tuesday showed the economy shrank 28.1 per cent in the second quarter, more than initially estimated.
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HSBC extends agreement with British Cycling to cover Tokyo Olympics | Malay MailLONDON, Sept 10 — Banking giant HSBC has extended its agreement with British Cycling to cover the rescheduled Olympic and Paralympic Games in Tokyo next year, having previously said the deal would end in 2020. HSBC had exercised a break clause in its eight-year agreement with the sport’s...
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Tokyo eyes lowering alert level as virus fears ease, reports NHK | Malay MailTOKYO, Sept 10 — Tokyo's government is heading towards dropping its coronavirus alert from the highest level today as cases continue to trend down, broadcaster NHK reported, opening the path for a loosening of restrictions on nighttime activity. The capital raised the alert to “red” in July...
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UK agrees first major post-Brexit trade deal with Japan | Malay MailLONDON, Sept 11 — Britain todau said it had secured its first major post-Brexit trade agreement — a free trade deal with Japan — the day after bitter wranglings with the European Union. The Department for International Trade said the deal will increase trade with Japan by some £15.2 billion...
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Abe plan for land-attack counterpunch could mark major military shift for Japan | Malay MailTOKYO, Sept 11 — Months before he announced his resignation, Prime Minister Shinzo Abe set in motion a policy change that could for the first time allow Japan’s military to plan for strikes on land targets in China and other parts of Asia. Japan’s Self Defence Forces are geared toward...
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Citi taps Fraser, Wall Street's poor record on diversity is put in focus | Malay MailNEW YORK, Sept 11 ― Citigroup Inc's appointment of Jane Fraser as its next chief executive yesterday was celebrated on Wall Street as the first woman to lead one of the top US banks. Yet this is a glass ceiling that corporate America shattered decades ago. It was 1972 when the Washington Post,...
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Sterling steady in calm before the storm; Brexit talks in focus | Malay MailLONDON, Sept 10 — The British pound calmed down today after whipsawing the day before as investors tried to understand whether a British bill to overwrite the Brexit divorce deal will cause the European Union to leave the negotiating table. Sterling may be poised for more volatility as Britain...
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