The Japanese government is in talks with the International Olympic Committee (IOC) to ensure that the Tokyo Summer Olympics will be held as planned under any circumstances, despite the threat of a new coronavirus spreading. The news came during a budget hearing on Friday, February 28, 2020 of the Commission of the lower house of Parliament by Seiko Hashimoto, the Minister responsible for the Olympic and Paralympic games and budget allocation.
As fears of the continued global spread of the Coronavirus (COVID-19) continue to drive financial markets to new lows, savvy investors should take note of the excellent opportunities that this massive global sell-off is creating.
The World Health Organization on Coronaviruses:
“Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV).
Coronaviruses are zoonotic, meaning they are transmitted between animals and people. Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death. A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.”
At least three people are dead and dozens are injured after a powerful typhoon swept Tokyo in the early hours of Monday morning. The typhoon caused power cuts and major disruptions to the nation’s transport sector, inconveniencing thousands of early morning commuters.