President Trump speaks to the public March 12 7:54 on responding to the new virus
With the spread of the new coronavirus and the turmoil in financial markets, President Trump of the United States will give a speech to the public on the morning of Thursday, Japan time. It is expected to mention economic measures to support the economy and restrictions on travel to each country.
In the midst of a record stock price volatility, Trump invited the top management of a major financial institution to exchange views with the White House on the 11th.
In an effort to mitigate the effects of the spread of the new coronavirus on the economy, the Trump administration has launched stimulus measures that include measures to reduce income taxes and support for SMEs, but the timing of implementation is unclear. The turmoil in financial markets has not stopped.
At the exchange of opinions, financial institutions stated that this was not a financial crisis and that there was no concern over financial aspects, but that economic measures were to be taken, saying that some economic stimulus was needed. Some voices support me.
In response, President Trump expressed his intention to address and explain to the public how the US government would respond, including economic policies and restrictions on travel to other countries.
As President Trump has positioned the strong economy as one of the important "achievements" for his re-election, his speech will be watched starting at 10:00 am Japan time.