A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration
February 13, 2019
TOKYO (Reuters) – It is still an opportune time for Japan to raise the nationwide sales tax because risks posed by global trade tensions are likely to be temporary, a senior official at ratings agency Moody’s Investors Service said on Wednesday.
Japan’s outlook for growth remains stable partly because it is supported by accommodative monetary policy, said Christian de Guzman, a vice president of sovereign ratings at Moody’s.
Moody’s rating on Japan is A1, which is four notches below its top rating. Its outlook for Japan is stable.
(Reporting by Stanley White; Editing by Chris Gallagher)
