Coronavirus updates: Japan expected to declare state of emergency - BBC News

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Coronavirus updates: Japan expected to declare state of emergency - BBC News
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Business reporter, BBC News SingaporeAs tens of millions of people in the Asia-Pacific region cope with lockdowns and other measures to combat the coronavirus pandemic, their country's economies are also under extreme pressure.

On the business front Samsung reports initial first quarter earnings on Tuesday. While smartphone sales are expected to have dropped sharply, robust memory chip demand looks likely to be the brightspot. Australia's central bank holds a monetary policy meeting on Tuesday. The Reserve Bank of Australia has already slashed interest rates over the last 12 months to a record low of 0.25% and policymakers have ruled out negative interest rates ahead of this meeting.

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