South Korea cuts key rate to record low 0.5% to fight COVID-19 hit

South Korea cuts key rate to record low 0.5% to fight COVID-19 hit

SEOUL — The Bank of Korea cut its key interest rate to a record low 0.5% on Thursday in a bid to cushion economic damage from the coronavirus pandemic. Underscoring the scope of that hit, the central bank also forecast that gross domestic product will contract...
Indonesia prepares to open economy even as COVID-19 risk lingers

Indonesia prepares to open economy even as COVID-19 risk lingers

JAKARTA — “The new normal” is the catchphrase among Indonesian government officials seeking an exit from partial lockdowns across the sprawling archipelago. But with the country still contending with a high number of new daily cases, policymakers are...
Tokyo’s excess deaths far higher than COVID-19 count, data shows

Tokyo’s excess deaths far higher than COVID-19 count, data shows

TOKYO — The Japanese capital may have suffered more than 200 excess fatalities from pneumonia and other causes early in the outbreak, possibly dwarfing the period’s official coronavirus death count of 16. Even more deaths could have been undercounted in...
Modi buried under avalanche of COVID-19 cases and 120m jobless

Modi buried under avalanche of COVID-19 cases and 120m jobless

NEW DELHI — India has seen a sharp spike in new coronavirus cases with the total crossing 125,000, about 70% of which surfaced in this month alone. This has forced Prime Minister Narendra Modi’s government to review its strategy to contain the outbreak,...
Japanese say COVID-19 support for business is lacking: survey

Japanese say COVID-19 support for business is lacking: survey

TOKYO — The Japanese government is not giving companies the support they need to endure the coronavirus-induced downturn, according to a recent survey by public relations company Kekst-CNC. Only 13% of respondents said the government is giving sufficient backing...