Tokyo declares coronavirus red alert as situation 'rather severe'

Shares Tokyo raised its coronavirus alert to the highest "red" level on Wednesday, alarmed by a recent spike in daily new cases to record highs, with Governor Yuriko Koike describing the situation in the Japanese capital as "rather severe". The resurgence of the virus in Tokyo could add to the growing pressure on policymakers to shore up the world's No.3 economy, which analysts say is set to shrink at its fastest pace in decades this fiscal year due to the pandemic. "We are in a situation where we should issue warnings to citizens and businesses,"...