Japan’s Nishimura: Seeking state of emergency in Tokyo and three prefectures between April 25 and May 11

Japanese Economy Minister Yasuhisa Nishimura crossed wires, via Kyodo News, while boosting chatters over the return of the coronavirus (COVID-19)-led emergency in the Asian major.

“The Japanese government plans to put Tokyo and three western prefectures of Osaka, Kyoto and Hyogo under a state of emergency from Sunday to May 11, covering the country's upcoming string of holidays, in an attempt to curb surging COVID-19 infections with stricter measures,” per the top diplomat.

“Businesses serving alcohol will be asked to close. Big sporting events to be held with no spectators present,” added Nishimura.

Market reaction...

As traders await the official announcement of the news, S&P 500 Futures await fresh clues to extend Wall Street’s losses, backed by US President Joe Biden’s proposal for the capital gains tax hike. That said, USD/JPY remains pressured around 108.00 during the early Friday after refreshing the seven-week low the previous day.