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Business and Market Discussion / View from Japan

2020-11-24

Business and Market Discussion / View from Japan

2020-11-24
 US President-elect Joe Biden has named some key members of his new cabinet including his experienced aide Antony Blinken as secretary of state, and former secretary of state John Kerry in charge of climate issues. It’s being reported that former Fed Chair Janet Yellen, with three decades of policy-making experience, will become the next Treasury secretary. President Trump though still refuses to concede the election.









The Hong Kong government announced yesterday that coronavirus patients can get a one-off payment of HK$5,000 only if their income drops substantially and they're struggling to cope financially because they can't work. Labour and Welfare Secretary Law Chi-kwong says the handout will only cover residents who face substantial deductions to their income, such as taxi drivers and the self-employed. Health authorities reported 73 new coronavirus cases yesterday as an outbreak linked to dance studios continued to expand with another 50 infections.




Singapore’s economy contracted 5.8% in the third quarter, according to the country’s Ministry of Trade and Industry, coming in better than initial estimates for a decline of 7%. The economy is now expected to contract by between 6% and 6.5% in 2020 compared to a year ago and bounce back to growth of between 4% and 6% in 2021, according to the ministry.




On today’s Money Talk, we’re joined by Nitin Dialdas of Mandarin Capital and Tariq Dennison at GFM Asset Management. With a view from Japan is Tokyo-based journalist and author William Pesek.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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