Bank of Japan vows to buy government bonds ‘without upper limit’

TOKYO — The Bank of Japan further boosted its monetary stimulus at a one-day policy meeting on Monday, aiming to support the government’s efforts to rescue the economy from the effects of the coronavirus.

The BOJ said it will “purchase a necessary amount of Japanese government bonds without setting an upper limit,” echoing the language used by the U.S. Federal Reserve last month that it would buy government bonds “in the amounts needed” to support the American economy.

The removal of the cap is seen as a largely symbolic step, as the BOJ had been purchasing few JGBs recently and

Read More

New rules proposed to limit customers in shops and keep staff safe in return to work

The number of customers allowed in shops will be limited and browsers will be kept apart with markings on the floor under reopening guidelines for when the lockdown is lifted.

Guidance from the British Retail Consortium (BRC) outlines measures that will be taken to keep staff and consumers safe.

All non-essential stores were forced to shut last month as part of draconian measures to stop the spread of Covid-19.

Now the BRC has put together a set of suggested rules for operating under what has been described as a “new normal” until the threat fades.

These include having extra barriers,

Read More

Abe says hospitals near ‘limit’ as Japan enters state of emergency

TOKYO — Japanese Prime Minister Shinzo Abe on Tuesday declared a monthlong state of emergency, warning of the strain on hospitals and saying the coronavirus crisis poses the biggest threat to the economy since World War II.

The emergency declaration gives the governors of Tokyo and six other selected prefectures — Kanagawa, Chiba, Saitama, Fukuoka, Hyogo and Osaka — legal backing to ask the public to stay home.

“It is of the utmost importance to change the behavior of citizens,” Abe said. “If we can reduce person-to-person contact by 70% or 80%, the increase in infections will peak out in

Read More