COVID-19 INFORMATION What you need to know about the coronavirus if you are living in Japan or planning a visit.

Graham DeShazo comments

Posted in: Japanese baseball, soccer aiming for April restarts See in context

Yeah, that’s not going to happen.

1 ( +2 / -1 )

Posted in: Koike urges cooperation to avoid Tokyo lockdown See in context

We are definitely going to get shut down. This city is NYC and/or Italy waiting to happen

17 ( +23 / -6 )

Posted in: Aso calls Tokyo 2020 the 'cursed Olympics' See in context

Aso is proof of how far in life truly stupid people can go if they are rich enough.

31 ( +34 / -3 )

Posted in: Abe could be big loser if Tokyo Olympics canceled, postponed See in context

When the virus takes hold, This will be the least of Abe’s problems.

1 ( +1 / -0 )

Posted in: Japan to ask travelers from Europe to self-quarantine for 14 days See in context

Meanwhile, SF & NYC have shut down, the EU is closing it’s bord and I’m on the Yamanote line and it’s packed.

2 meters? I’d like 2 cm. When the virus takes hold here, when, not if, the carnage will be a thing to behold.

The Abe see nothing say nothing do nothing “administration’s” incompetence and lack of leadership are truly stunning.

12 ( +12 / -0 )

Posted in: Trump calls on Americans to cease hoarding food, supplies See in context

Trump is being directly contradicted by his own health professionals.

maybe it’s best he didn’t do a Q&A because every time he opens his mouth he makes things worse.

9 ( +17 / -8 )

Posted in: Confirmed new coronavirus infections in Japan now 1,528, including cruise ship cases See in context

Either the numbers are off due to a lack of testing or we are miraculously lucky.

I’m betting the former, but we will know either way in 2-3 weeks.

18 ( +20 / -2 )

Posted in: Empty airport See in context

This is economic carnage in the industry. Both Korean Air and Asiana are at extreme risk as is Cathay Pacific. In Europe, Lufthansa and Air France won't survive this for more than 6 months. Us Legacy carriers may be heading for a bailout as well.

Eventually this will end and the traffic will come back but there will be fewer airlines to carry them.

3 ( +3 / -0 )

Posted in: Tentacles of Olympic cancellation would reach around globe See in context

My company has been ramping up for the Olympics ever since the announcement was made.

I understand the public health considerations and agree with those who say public health is paramount.

But I would also feel disappointed that all that work has been essentially lost.

2 ( +2 / -0 )

Posted in: Tokyo Olympic head shoots down comments about delaying Games See in context

If any of you need a reminder (or a lesson for you newer folks) as to why Mori is in a class by himself as dumbest PM, see his comments.

6 ( +6 / -0 )

Posted in: Japanese companies tighten belts, declining to offer base pay hikes See in context

Good news, employment security for the “seisha in”.

Bad news, when the economy goes bad, and we haven’t seen bad, but it’s coming, bonuses cut to zero and base pay can be cut as well.

5 ( +5 / -0 )

Posted in: Abe requests event cancellations for 10 more days See in context

Anyone who thinks that the virus isn’t spreading uncontained NOW, is clearly not paying attention or is deluded.

Italy emptied its hospitals preparing for the “tsunami of patients” that came a couple of days later.

There is is no reason to think we will not have it happen here (or in the US as well).

1 ( +6 / -5 )

Posted in: Japan eyes entry ban from virus-hit northern Italy See in context

This would seem superfluous as the ENTIRE COUNTRY just went into lockdown.

9 ( +9 / -0 )

Posted in: Local gov'ts urged to prepare hospitals for peak of virus infections See in context

For past corona-type viruses, the infection chart trend line goes essentially vertical at the 9 week mark. This isn’t a hoax or undue panic. This is called science.

And it’s not panic in an aging country when a virus that is highly contagious kills at a very high (although the final rate is as yet undetermined) rate.

In addition, 15% of infected patients will need some form of medical treatment including hospitalization. In addition to the already sick, this could easily overwhelm the public health system.

Finally the market has had a chance to vote and the market has said “We’re vey concerned”

Long story short, this is a real thing both from a public health perspective and from an economic perspective. If you’re not worried, you aren’t paying attention.

22 ( +24 / -2 )

Posted in: Virus is a catalyst for a fiscal reboot worldwide See in context

I’m not sure how much MMT would help because no amount of stimulus will increase aggregate demand in a public health crisis.

On the supply side, I don’t see where the labor force for infrastructure stimulus would be found since (at least for now) the economies of Japan, Europe and especially America are at essentially full employment.

When, not if, this viral contagion spirals into an economic contagion, I fear traditional policy tools will be utterly ineffective.

3 ( +3 / -0 )

Posted in: Trump grapples with public health and economic maelstrom See in context

He doesn’t know what he’s doing and cannot tweet, bully or lie this away.

The virus is not Trump’s fault. His governing malpractice of not getting ready with 2 months head start is.

His emptying of the tool box to deal with and economic downturn to cut rates, cut taxes and increase debt in an economic expansion is entirely his fault.

Markets are making thier feelings known and they are giving Trump a vote of no confidence.

18 ( +21 / -3 )

Posted in: Start of Japan's baseball season delayed over coronavirus See in context

I don’t think they will be opening in April either.

2 ( +2 / -0 )

Posted in: Anxiety grips companies across the world as virus spreads See in context

I work in the travel and tourism industry and it’s a total blood bath. No one is traveling. No one is spending. It’s absolute carnage.

I would estimate the probability of a recession in Japan at 100%.

And we haven’t seen “bad” yet.

4 ( +4 / -0 )

Posted in: Trump says U.S. watching Japan closely for possible travel restriction See in context

We are 1 “ very” from being put on double-secret probation.

0 ( +0 / -0 )

Posted in: Airlines rush to boost demand as coronavirus shreds strategy for crisis management See in context

Quite a few regional and legacy carriers (in my semi-educated opinion) won’t survive to see the other side of this crisis. The entire industry is in free fall. BA, UA, Ryan all announcing reduction of 20% of flights or greater. Cathay has 50% of its aircraft on the ground.

Beyond 1 year, these can be extinction-level events even for well run companies with solid balance sheets.

The companies that don’t have a loyal client base, a developed route structure or are heavily leveraged are toast.

1 ( +1 / -0 )

Posted in: BOJ Gov Kuroda offers bleak view on economy See in context

There is precisely ZERO the BOJ can to to ease reductions in either supply or demand.

Demand isn’t suppressed because interest rates are too high. It’s suppressed because people are frightened.

Supply chains are not being shredded by a lack of liquidity. Like a broken heart, only time and patience can fix them.

And if Kuroda really expected the Japanese economy to rebound in the 4th quarter, I have real doubts about his competence.

9 ( +9 / -0 )

Posted in: Abe says gov't ready to boost fiscal spending for virus-hit economy See in context

I really don’t thunk there is any fiscal stimulus that will offset a demand-side decline from a public health crisis.

The first and only thing Abe should do is to get the infection rate under control. In the absence of that, people will not go out or spend money.

On the supply side of the equation, only time will allow the supply chain to get moving again.

4 ( +5 / -1 )

Posted in: Q&A: What's next for the Tokyo Olympics as virus spreads? See in context

Thank GOD we have former PM Mori heading things up. With PM “IT” in charge what could POSSIBLY go wrong?

3 ( +3 / -0 )

Posted in: Kuroda says BOJ will take necessary steps to stabilize markets jolted by virus See in context

I don’t see what central banks can do. For one thing, interest rates are already at or near zero. The tool box is looking pretty bare.

For another thing, there is very little banks can do to stimulate demand in a public health crisis.

I am in the tourism industry and it’s absolutely brutal. As bad as 3rd quarter GDP were, I expect 4th quarter reports to be far worse. Nobody is going anywhere or spending money.

If the Olympics get cancelled it’s going to be an economic blood bath for the tourist and hospitality industry.

4 ( +4 / -0 )

Posted in: 'Where's Abe?' critics ask, as coronavirus spreads in Japan See in context

Shinzo, you hear that hissing sound? That’s the sound of your “remain calm all is well!” Story collapsing.

Folks, in my non-expert opinion we are 1-2 weeks tops from a contagion. The economic impact alone is going to be quite a hit. If the Olympics are canceled, it’ll be devastating.

Please stay well.

11 ( +12 / -1 )

Posted in: Japan announces basic policy to fight spread of coronavirus See in context

Whew, that’s a relief! For a moment there I thought the government was just a bunch of dolts with no clue as to what to do.

1 ( +1 / -0 )

Posted in: IOC senior member: 3 months to decide fate of Tokyo Olympics See in context

This is going to be a financial disaster. If the games are canceled, I think Japan has cause to demand to be first in line. Push Paris and LA back 4 years respectively.

7 ( +8 / -1 )

Posted in: ANA to buy 20 more Boeing 787 Dreamliners See in context

This article is factually inaccurate. ANA is replacing it’s 767 aircraft with 787s. They are essentially the same size al though the 787 has a much longer range it is about 20% more fuel efficient than the 767 it replaces

The 777 is a larger aircraft that fills a completely different market segment.

-1 ( +1 / -2 )

Posted in: Avoid crowds and non-essential gatherings, health minister urges See in context

Has this twit ever actually been on a train in rush hour?

(Que video of a young Kevin Bacon steaming “REMAIN CALM! All is well!” From ‘Animal House’)

5 ( +5 / -0 )

Posted in: UK leadership hopefuls vow to succeed where May failed on Brexit See in context

“It will be embarrassing to have a buffoon head the country.”

Pukey 2, you get used to it. It’s like a low-grade hang-over that doesn’t go away (perhaps because one is so despondent that one drinks “frequently “).

& Boris Johnson? I take cold comfort in realizing that We Americans are not unique in our ability to choose lunatics with ridiculous hair for national leaders

-2 ( +0 / -2 )

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