A survey by a Japanese private think tank, Teikoku Data Bank, showed on Wednesday, over 60% of Japanese firms said their earnings are likely to be hit by the coronavirus outbreak. Key findings “A separate index measuring companies’ sentiment on the economy hit a seven-year low in February. The impact of the virus is spreading to various industries. The economy will likely continue to retreat moderately due to many risks including the epidemic. In the survey conducted Feb. 14-29, 63.4% of firms said their earnings were being hurt by the outbreak. Among those firms, 30.2% said their earnings had already been hit, while 33.2% said they expected earnings to be affected in the near future.” BOJ to act and how? With the emergency Fed cut seen as ineffective, the pressure has increased on the Bank of Japan (BOJ) to act by expanding its QE program, as recession risks intensify due to the virus crisis. USD/JPY is off the highs and falls back below 107.50 amid a resumption of the sell-off in the US Treasury yields across the curve. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD: Upside Risks To Base Case Have Increased; May Overshoot Above 1.35 – BofA Kenny Fisher 2 years A survey by a Japanese private think tank, Teikoku Data Bank, showed on Wednesday, over 60% of Japanese firms said their earnings are likely to be hit by the coronavirus outbreak. Key findings “A separate index measuring companies’ sentiment on the economy hit a seven-year low in February. The impact of the virus is spreading to various industries. The economy will likely continue to retreat moderately due to many risks including the epidemic. In the survey conducted Feb. 14-29, 63.4% of firms said their earnings were being hurt by the outbreak. Among those firms, 30.2% said their earnings had already… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
