Japan Update

Government Considering ¥56 Trillion Economic Package BoJ Plumbing: Clean Collateral for US Dollar Swaps GPIF to Increase Overseas Bond Allocation to 25% Tokyo Governor Asks Residents to Remain

BoJ Starts Daily US Dollar Operations, Adds Unscheduled JGB Buying Cancelling Olympics Could Cost ¥7.8 Trillion Softbank (9984) to Sell ¥4.5 Trillion of Assets Toyota Motor (7203) to

BoJ Steps Up Buying Operations February Tourist Arrivals Fall 58% Nationwide School Closures to End April 1  BoJ Steps Up Buying Operations  The Bank of Japan has

Japan’s Imports from China Drop 47% in February BoJ Unrealized Loss on ETFs About ¥2 Trillion to ¥3 Trillion Official Land Prices Up for Fifth Consecutive Year Coronavirus:

BoJ Adds More JGB Buying Operations to the Schedule  BoJ Adds More JGB Buying Operations to the Schedule  On Monday evening, the Bank of Japan issued a number of new

BoJ Conducts Emergency JGB Buying Operation, Government Plans New Spending  In the face of massive selling of JGBs and JGB futures—likely by a failed overseas hedge fund—the Bank of Japan

Japanese Investors Buy Record Amount of Overseas Bonds BoJ Expected to Cut Economic Outlook at Next Meeting January-March Business Sentiment Index Falls Most Since 2014 Summer Olympics May

Coronavirus: Abe Calls for Two Week Delay, Cancellation of Public Events Coronavirus: Olympics Decision by End of May Coronavirus: Political Leaders Call for Second Supplementary Budget Support for

Record Numbers of Chinese Visit Japan in JanuaryDecember Machinery Orders Down 12.5%, Outlook WeakJapanese Continue to Buy US TreasuriesCoronavirus: Offices Go Quiet as Factories RoarCoronavirus:

October-December GDP Down 6.3%Coronavirus: Events Cancelled as Preparations Made for EpidemicCoronavirus: Rumors That Summer Olympics May be Postponed, Moved—Banking Crisis?Coronavirus: Spot Shipping Rates CollapseCoronavirus: 45%