The US-based Fitch Ratings, in its latest report, lower the outlook for Japan to negative while maintaining its sovereign rating at ‘A’. Key quotes “Projects Japan’s economy to contract by 5% for full-year in 2020, before rebounding to 3.2% growth in 2021.” “Fiscal support & expected recovery in external demand should set the stage for rthe eturn to quarterly growth in 2h20 under Fitch’s baseline for Japan.” “Sharply wider fiscal deficits in 2020 and 2021, will add significantly to Japan’s public debt. “Project Japan’s deficit to narrow to 10.9% of GDP in 2021 and 5.3% in 2022.” “Expects BOJ to maintain current interest-rate settings through at least end of 2022 under its yield-curve control framework for Japan.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Queensland is declaring all of Greater Sydney a COVID-19 hotspot effective 1am on Saturday FX Street 3 years The US-based Fitch Ratings, in its latest report, lower the outlook for Japan to negative while maintaining its sovereign rating at ‘A’. Key quotes “Projects Japan's economy to contract by 5% for full-year in 2020, before rebounding to 3.2% growth in 2021.” “Fiscal support & expected recovery in external demand should set the stage for rthe eturn to quarterly growth in 2h20 under Fitch's baseline for Japan.” “Sharply wider fiscal deficits in 2020 and 2021, will add significantly to Japan's public debt. “Project Japan's deficit to narrow to 10.9% of GDP in 2021 and 5.3% in 2022.” “Expects BOJ to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
