Capital Calls-Suga policy fileted “Kill Bill”-style
25/03/2021 08:49
(The author is a Reuters Breakingviews columnist. The opinions
expressed are their own.)
HONG KONG, March 25 (Reuters Breakingviews) - Concise
insights on global finance in the Covid-19 era.
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DISH SERVED COLD. Japan’s contentious Covid-19 measures are
sapping the patience of small businesses. Global-Dining 7625.T
shares surged as much as 42% this week after it sued the Tokyo
government for ordering businesses to cut opening hours. The
restaurant operator, whose Gonpachi eatery featured in Quentin
Tarantino’s “Kill Bill: Vol. 1”, is seeking less than $1 in
damages. People unhappy with the government’s pandemic response
have rallied to the cause: besides the stock rally,
Global-Dining crowdfunded its legal fees, Reuters reported
urn:newsml:reuters.com:*:nL4N2LM294.
Having lifted a state of emergency in certain areas on
Sunday, Prime Minister Yoshihide Suga is in a tight spot.
Pressure to contain the virus ahead of the Olympics is enormous,
but so is stimulating spending. Consumer prices in February fell
year-on-year for the seventh straight month, while Japanese
households hoarded a record 2 trillion yen in financial assets
urn:newsml:reuters.com:*:nL4N2LF0LH as of last year. Business curfews will sting in
Greater Tokyo prefectures, which analysts at Capital Economics
estimate generate a third of national output. (By Robyn Mak)
Earlier in Capital Calls:
ViacomCBS, GameStop cash grab L1N2LM1M1
Italy’s Leonardo misses out on IPO boom urn:newsml:reuters.com:*:nL4N2LM3MD
BA owner reaches into collateral cupboard urn:newsml:reuters.com:*:nL1N2LM0PM
Japanese automakers go back in time urn:newsml:reuters.com:*:nL1N2LM0AA
GoPuff tests tech theory of timing urn:newsml:reuters.com:*:nL1N2LL31K
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(Editing by Jeffrey Goldfarb and Sharon Lam)