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    Home » Daily COVID-19 tally in Japan exceeds 100K for the first time since February
    Health

    Daily COVID-19 tally in Japan exceeds 100K for the first time since February

    July 16, 2022
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    As the country enters a seventh wave of infections caused by the highly transmissible BA.5 Omicron sub-variant, the daily COVID-19 cases in Japan topped 100,000 for the first time since early February. Government officials announced on the same day that all medical personnel and workers at elderly care facilities will be eligible to receive fourth COVID-19 vaccine shots as the daily count rose near a record high of about 104,000.

    Across the country, infections have spread rapidly, with Tokyo reporting 19,059 new cases on Friday, more than doubling the previous week’s numbers. Prime Minister Fumio Kishida said there are no plans to impose restrictions on COVID-19 infections after the number of cumulative cases surpassed 10 million the previous day.

    With the expansion of vaccine coverage, 8 million more people will be eligible for the shots. This is in addition to seniors and people between 18 and 59 who have illnesses and are at higher risk of developing severe symptoms. At a government meeting on the Coronavirus response, Kishida stated that younger people would also be vaccinated. Inoculations are expected to start next week, aimed at protecting high-risk groups and ensuring enough personnel to provide treatment and care.

    More than 100 free COVID-19 testing spots will be set up by the government at major train stations, airports, and other locations so people can be tested before traveling during summer vacation. As part of the government’s coordinated response to COVID-19, Kishida emphasized the need for maximum caution while keeping the economy going.

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    Egypt’s Monetary Policy Holds Steady as Inflation Trends Persist in August

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    Egypt’s central bank keeps its policy rate corridor at 19%-20% after its August meeting. Official data shows that annual urban headline inflation increased to 14.9% in July from 14.3% in June. Over the same period, core inflation, as calculated by the CBE, rose from 14.3% to 14.7%. On a month-to-month basis, both headline and core inflation stayed flat in July. The Central Bank of Egypt attributed the higher annual figures to unfavorable base effects. The urban consumer price index for Egypt is compiled by the Central Agency for Public Mobilization and Statistics. This August decision marks the fourth consecutive hold after meetings in April, May, and July. The last time the CBE adjusted its policy rates was on February 12, when a 100 basis point cut was implemented. That move reduced the overnight deposit and lending rates to their current levels of 19% and 20%, respectively, with the main operation and discount rates also falling to 19.5%. Since that reduction, the committee has consistently maintained the full rate structure without change at each meeting. Inflation climbs yearly while monthly prices remain steady The bank stated that real economic activity continued to slow down during the second quarter, according to its recent estimates. This follows a 5% growth in real gross domestic product during the first quarter of 2026. The CBE projects an average real GDP growth rate of about 5% for the 2025-

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