People use a pedestrian crossing in Tokyo on March 3. After a slow start, Japan’s vaccination campaign has started to take off. Photo: AP  People use a pedestrian crossing in Tokyo on March 3. After a slow start, Japan’s vaccination campaign has started to take off. Photo: AP 
People use a pedestrian crossing in Tokyo on March 3. After a slow start, Japan’s vaccination campaign has started to take off. Photo: AP 
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

Asian markets’ coronavirus divide: bright prospects for China, Japan as tourism-dependent economies struggle

  • Asia has come to be regarded as a global vaccine laggard, but clear differences are emerging between markets in the region based on vaccination rates
  • Among economies where vaccine take-up has been sluggish, those that rely on tourism will be harder hit

People use a pedestrian crossing in Tokyo on March 3. After a slow start, Japan’s vaccination campaign has started to take off. Photo: AP  People use a pedestrian crossing in Tokyo on March 3. After a slow start, Japan’s vaccination campaign has started to take off. Photo: AP 
People use a pedestrian crossing in Tokyo on March 3. After a slow start, Japan’s vaccination campaign has started to take off. Photo: AP 
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Patrik Schowitz

Patrik Schowitz

Patrik Schowitz is a global multi-asset strategist at JP Morgan Asset Management.