Suryaa Business Desk: A leading international credit rating agency says that there are positive changes in the economic progress of Japan, the world's third largest economy. In its latest report, Moody's, a leading international credit rating agency, has revealed that there are positive changes in the economic progress of Japan, which is the world's third largest economy. Strengthening domestic consumption and increasing investment from the corporate sector are giving new impetus to Japan's economy, it said. However, experts point out that the key test will be whether Japan's economy can sustain this growth in the long run amid global uncertainties.
Moody's analyzed that factors such as economic stimulus measures implemented by the Japanese government and the central bank and wage hikes are gradually restoring domestic demand. It said that Japanese markets are taking steps towards sustainable growth while coping with inflationary pressures. However, it warned that a slowdown in global markets, supply chain issues and fluctuations in the value of the currency could have some impact on Japan's export-oriented economy. Experts suggest further acceleration of domestic economic reforms if Japan's credit rating and financial stability are to improve in the future.
It is said that increasing transparency in corporate governance will attract more foreign investment. Economists believe that these latest positive developments in the Japanese economy are giving new impetus to investors in Asian markets.