Categories: Market Overview

Dramatic Tokyo Coronavirus Spike Parallels Scary New York Outbreak

Since late March, scientists warned that Japan is likely to be the next hot spot of coronavirus after the U.S. On April 4, Tokyo recorded more than 100 confirmed cases on a single day for the first time as governments across the globe scramble to move their citizens outside of Tokyo.

Japan has taken a rather lax approach towards testing and other precautionary measures to combat coronavirus than other countries in Asia in the likes of Singapore, China, South Korea, and Taiwan.

The concerns of scientists regarding the worsening coronavirus epidemic in Tokyo reached to a point in which the U.S. embassy in Tokyo issued a statement to all U.S. citizens to move back to the U.S. as soon as possible, despite the U.S. having more than 367,000 cases.

Technically, Japan would not be seeing its second have of coronavirus given that it has only confirmed 3,900 coronavirus cases in the country. The culture of using masks in Japan has allowed the country to see fewer coronavirus cases without strong measures including lockdown and forced quarantine. The fear towards Tokyo is that unlike the rest of Asia, Japan has not implemented a strict and comprehensive testing system to ensure coronavirus-infected patients are self-isolating to stop the spread of coronavirus.

Simply put, similar to New York, there exists a strong possibility that many individuals in Japan are already infected with coronavirus, but the lack of testing has made it difficult to spot infected individuals. Shimada Yumichi, a doctor working in New York, warned that Tokyo is seeming like New York three weeks ago when new coronavirus cases were just starting to be reported. The main problem with Tokyo, according to Yumichi, is that residents are showing signs of letting their guard down against coronavirus as Japan has seen a relatively small number of cases.

So far, nations that have taken the approach of letting everyone get infected by coronavirus to develop immunity such as the U.K. have not seen the results they originally envisioned. Japan could still impose some level of lockdown or strict precautionary measures. Recent data has shown that the approach of the U.K., Sweden, and several other countries have not been as successful as Taiwan, South Korea, China, Singapore, Vietnam, and others that relied on a strict testing and self-isolation system since February.

Dramatic Tokyo Coronavirus Spike Parallels Scary New York Outbreak, CCN, Apr 7

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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