As being reported by Fuji News Network

Japan

This adds to the 47 new cases that was found in the previous day here - which was the highest since 5 May when reported yesterday.

As Eamonn pointed out at the time, Tokyo governor Yuriko Koike attributed the spike to "more active testing" and that seems to be what every governing authority is alluding to amid the recent surge in cases across the globe.

While that may be a bit of a caveat, it also suggests that any return of lockdown restrictions may not be as easy to implement unless the outbreak threatens to be more potentially devastating than the initial case in point.

That said, no return to lockdown should not be misconstrued with that not being bad for risk assets. If anything, it could be worse given the lack of "relief".