Home » Tokyo case, Wall Strett and fears for the Covid wave are holding back the lists: Nikkei closes at + 0.07%

Tokyo case, Wall Strett and fears for the Covid wave are holding back the lists: Nikkei closes at + 0.07%

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ROME. The Tokyo Stock Exchange closed the session almost flat with cautious investors after the mixed close on Wall Street and after several Japanese regions stepped up their health measures in the face of the worsening pandemic. Japan recorded more than 4,000 cases on Wednesday, a level that hadn’t been observed since Jan. 28, and concerns over the fourth wave of coronavirus infections weigh on the market, analysts say. The Nikkei index of leading stocks thus closed the session at + 0.07% stopping at 29,642.69 points and the broader Topix index gained 0.27% to 1957.51 points.

“Japan could give up the Tokyo Olympics if the increase in coronavirus cases in the country made the event impossible,” says Toshihiro Nikai, general secretary of the Liberal Democratic Party within the Japanese government, regarding the holding of the Olympics. Tokyo 2020 already postponed by one year following the Covid-19 pandemic. Japan is grappling with an increase in coronavirus infections: a record 1,130 new cases were recorded in Osaka yesterday, there were 510 in Tokyo on Tuesday.

The cancellation of the Tokyo Olympics “is certainly not on the table,” clarified the vice president of the International Olympic Committee (CIO), John Coates. “The Tokyo Games will be the light at the end of the tunnel,” Coates told reporters after the city of Matsuyama canceled the Olympic Flame relay ceremony for fear of coronavirus infections.

There are one hundred days to go until the Tokyo Olympics, postponed last year due to the pandemic, with the Japanese authorities forced to deal with an increase in infections that has led in recent days to a semi-lockdown in the metropolis that will host the Games. “During this period, we will make our efforts to prevent the spread of infections and defeat the coronavirus, we would like to be able to organize the Games with everyone,” underlined the governor of Tokyo Yuriko Koike. Tokyo scored 510 on Tuesday. Speaking at a lower house meeting, Shigeru Omi, who chairs the government advisory committee on coronavirus, confirmed that “the fourth wave” of Covid infections is underway.

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The launch of the vaccination campaign has been extremely slow since its inception in mid-February. According to the Ministry of Health, Labor and Welfare, only 0.4% of the population has been fully vaccinated. In a video message, John Coates, chairman of the Tokyo 2020 coordination commission, however, reassured that the Olympics “will certainly be played starting on 23 July”, defining the Tokyo Games as “the best organized ever”.

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