empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

2021.04.2110:55:00UTC+00S&P Maintains Japan's Sovereign Ratings

S&P Global Ratings maintained Japan's sovereign ratings with 'stable' outlook on Wednesday.

The rating was affirmed at 'A+' citing the country's exceptional external position, prosperous and diversified economy, political stability, and savings-rich financial system.

Nonetheless, Japan has very weak public finances. In the next one to two fiscal years, the negative impact of the COVID-19 pandemic will put additional burden on fiscal performance and lead to a significant increase in government indebtedness, the agency observed.

The 'stable' outlook suggested that, until fiscal 2024, relatively large fiscal deficits will continue to keep upward pressure on the general government debt-to-GDP ratio.

S&P expects Japan's average nominal GDP growth to be unexceptional among high-income economies, at about 1.8 percent annually.

The budget deficit is estimated to be close to 5 percent of GDP over fiscals 2021-2024 without expenditure related to the pandemic.



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off