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Japan says its economy is ‘extremely depressed’

Bloomberg Japan’s government slashed its assessment of the economy, downgrading a range of components hit by the coronavirus pandemic as schools were shut, factory production lines halted and the Olympics postponed. In its monthly report for March, the Cabinet Office cut its view of the economy, characterising it as in a “severe situation” and “extremely depressed” by the virus outbreak. ...

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All eyes on China’s Wuhan for way back after lockdowns

Bloomberg The lockdown that has gripped the original epicenter of the coronavirus for more than two months is finally set to end, spurring investors into action as they gauge which companies will benefit most. The resumption of movement in and out of Wuhan, scheduled for April 8, may serve as a template for markets the world over that have been ...

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China to ramp up stimulus as Covid-19 impact widens

Bloomberg China’s top leaders pledged to widen the fiscal deficit and sell sovereign debt, signalling that Beijing is preparing larger-scale stimulus to counter the economic fallout from the coronavirus. China will increase its fiscal deficit as a share of gross domestic product, issue special sovereign debt and allow local governments to sell more infrastructure bonds as part of a package ...

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