Moody’s: Japan's debt burden to reach 230% of GDP in FY2020 due to coronavirus pandemic
|Following its report on the Chinese economy released earlier this week, Moody’s Investors Services published a fresh credit review on Japan, in the face of the coronavirus pandemic.
Key findings
“Japan's credit profile balances fundamental external and economic strengths against escalating public debt.”
“The pandemic will increase Japan's debt burden to 230% of GDP in FY2020 from around 206% a year ago. “
“Japan's general government debt is expected to jump to around 230% of GDP in fiscal 2020 from roughly 206% in fiscal 2019.”
Market reaction
USD/JPY was last seen trading at 105.28, down 0.12% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.