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Business and Market Discussion / View from Japan

2022-08-09

Business and Market Discussion / View from Japan

2022-08-09
 Hong Kong Chief Executive John Lee has announced that from Friday, people arriving in the city will have to spend three days in hotel quarantine, instead of the current seven. After their quarantine at a designated hotel, arrivals will undergo “medical surveillance” for four more days and while they can go out, go to work, or visit malls, they won't be able to enter high risk places that check vaccine passes, such as bars and restaurants. Such people will be given a "yellow code" on their LeaveHomeSafe app to restrict their movements. People already in quarantine will be able to leave early after three days from today, providing they test negative.


Mainland China reported a total of 807 new Covid cases on Monday, with more than half centred on Hainan Island. A Covid-19 testing mandate was extended Sunday to the entire province of Hainan. The resort island has placed more cities, including the provincial capital, Haikou, into lockdown. 25,000 tourists were stuck in hotels in Sanya. The outbreak has spread to 10 cities and counties in Hainan and coincides with Hainan’s peak travel season.


Singapore Prime minister Lee Hsien Loong warned yesterday that Asia faces decades of “turbulence” because of geopolitical challenges including worsening US-China relations and the war in the Ukraine. He said the next decades for the region would not be as stable and peaceful as those in recent years. Speaking ahead of tomorrow’s National Day celebrations, he said, “US-China relations are worsening, with intractable issues, deep suspicions, and limited engagement between them. Furthermore, miscalculations or mishaps can easily make things much worse.”  He added that economic issues were also a challenge and with the world unlikely to return to low interest rates and inflation levels. 


On today’s Money Talk, we’re joined by James Wong at Lead Securities and Nitin Dialdas of Mandarin Capital. With a view from Japan is Tokyo-based journalist and author, William Pesek.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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