Sovereign Risk Country Scorecard: Japan, Q4
Economic growth has slowed in Japan due to weak private consumption and sluggish investment, while inflation has lost its forward momentum. Although financial conditions remain accommodative, appreciation of the JPY has resulted in modest tightening. The authorities have responded to a weaker domestic and external economic environment by providing additional monetary and fiscal support, including adopting a negative interest rate policy, planning for additional fiscal stimulus and postponing the consumption tax hike from 2017 to the end of 2019. Nevertheless, the growth and inflation outlook remains subdued. Private consumption is projected to grow modestly, while weak global recovery and trade, high uncertainty (especially in the wake of the US elections) and the recent appreciation of the JPY will likely hamper net exports and investment. Despite the Fukushima nuclear disaster in 2011, Japan is still an example of energy efficiency and does not appear particularly prone to climate change risks.​
Beyond Ratings is an independent Macro-financial risk services company dedicated to country and Sovereign risks. Our team of experts and analysts builds on our proprietary risk methodology and advanced indicators. Founded in 2014, we assess countries wealth, monitor their economic and financial performance and resilience to global risks, such as energy prices and climate change. Our clients use our services for risk management, investment advisory, financial engineering and reporting requirements. Our clients are pension funds, asset managers, infrastructure funds, development banks, commercial banks and insurers.
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