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Business and Market Discussion

2020-04-08

Business and Market Discussion

2020-04-08
Japanese Prime Minister Shinzo Abe has declared a state of emergency in Tokyo and six other prefectures, accounting for half of Japan’s economic output, to contain the coronavirus. He also announced a record US$1 trillion stimulus package, equivalent to 20% of GDP.
The Trump Administration is preparing more fiscal stimulus to help the US economy. The government is in talks with Congress to secure an additional US$250bn to fund loans for small businesses hit by the coronavirus pandemic.

In Hong Kong, Liberal Party leader Felix Chung warned yesterday that the territory’s manufacturing and export sectors are being hit harder by the Covid-19 crisis than even the city's floundering retail and catering firms. He reiterated his call for the government to start paying 50% of workers' salaries up to a cap of HK$18,000 per month, to help businesses avoid laying people off.

On today’s Money Talk we’re joined by Stewart Aldcroft from CitiTrust, Louis Kuijs at Oxford Economics and RTHK’s International Economics Correspondent, Barry Wood.

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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