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International rating agency Standard&Poor's confirmed Japan's long-term sovereign credit rating at A +, short-term rating – at A-1 level and revised outlook on ratings from “stable” to “positive”, Bloomberg reported. Agency experts said that the nominal growth of the Japanese economy, exceeding 2%, and the effectiveness of negative real interest rates allowed to stabilize the debt load earlier than it was expected. Japan's public debt, more than twice the size of the country's economy, is one of the largest in the world. The Japanese economy demonstrates growth for eight consecutive quarters, which is the longest period of growth since 1989. However, its rates dropped sharply.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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