Government of Japan - A1 stable: Annual credit analysis - Moody's Global Credit Research

Government of Japan - A1 stable: Annual credit analysis

Government of Japan - A1 stable: Annual credit analysis - Moody's Global Credit Research
Government of Japan - A1 stable: Annual credit analysis
Published Nov 30, 2023
28 pages (13864 words) — Published Nov 30, 2023
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...The credit profile of Japan reflects the long-term challenge of maintaining the world's largest sovereign debt burden amid an aging population and very low potential growth. It also incorporates the economy's large scale and diversity, its strong external payments position and the high quality of institutions and governance. Although the government remains publicly committed to medium-term fiscal consolidation, rising social spending amid population aging and near-term inflation, as well as defense needs in the context of geopolitical tensions, have challenged the prospects for significant debt reduction. Nevertheless, large private savings underpin high debt affordability and mitigate refinancing risks. Japan's growth performance surpassed most G-20 economies in 2022, partly driven by the reopening dynamics following the delayed exit from the pandemic, as well as its resilience to the pressures stemming from slowing global economic growth. However, amid the uncertain global economic outlook,...

  
Report Type:

Issuer In-Depth

Company:
Issuer
Japan, Government of
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Government of Japan - A1 stable:Annual credit analysis - Issuer In-Depth – 2024/03/28 – US$ 750.00 – 32 MARCH 28, 2024 - A1 SOVEREIGN AND SUPRANATIONAL Report Number: 1392236 Christian de Guzman (C)2024 Moody's CorporationMoody's Investors Service, Inc.Moody's Analytics, Inc. Moody's Analytics, Inc./ / (a)(b) Moody's CorporationMCOMoody's...

Government of Japan: Largest wage hike in three decades paves the way for further BOJ monetary policy normalization - Issuer Comment – 2024/03/18 – US$ 200.00 – ...PRC regulatory disclosure requirement; and (3) cannot be used within the PRC for any regulatory purpose or for any other purpose which is not permitted under relevant PRC laws or regulations. For the purposes of this disclaimer, "PRC" refers to the mainland of the People's Republic of China, excluding Hong Kong, Macau and Taiwan....

Government of Japan: Slowing economic momentum and easing inflation complicate BOJ policy decisions - Issuer Comment – 2024/02/22 – US$ 200.00 – ...On a real quarter-over-quarter, seasonally adjusted annualized basis Sources: Cabinet Office of Japan, Haver Analytics and Moody's Investors Service...

Japan, Government of:Climate transition strategy and financing plans are credit positive, but challenges remain - ESG - Environmental – 2023/11/28 – US$ 750.00 – ...1 GX20231122 2 3 202120231120 4 Carbon Transition ¡ Global: Utilities improve positioning for rapid transition; other high-risk sectors have not, 202311 (https://ratings.moodys.com)/ ...

Japan, Government of: Climate transition strategy and financing plans are credit positive, but challenges remain - ESG - Environmental – 2023/11/27 – US$ 750.00 – ...On 8 November, the Government of Japan published the Climate Transition Bond Framework (the framework), the world's first transition bond framework by a sovereign issuer. The implementation of the government's climate transition strategy, financed by the thematic bond issuance, is credit positive, but challenges remain because the plan relies on unproven technologies and lock-in concerns associated with specific projects remain. The use of the proceeds in the framework includes six eligible categories, such as renewable energy, low or zero carbon energy and clean transportation. The framework also incorporates further eligibility criteria, allowing proceeds to be earmarked for projects that are challenging to execute without governmental funding. The framework is an extension of Japan's existing decarbonization strategy, including the Basic Policy for the Realization of GX published in February 2023...

Government of Japan A1 stable: Update following rating affirmation, outlook unchanged - Credit Opinion – 2023/11/09 – US$ 250.00 – ...The credit profile of Japan reflects the long-term challenge of maintaining the world's largest sovereign debt burden amid an aging population and very low potential growth. It also incorporates the large scale and diversity of the economy, its strong external payments position and the high quality of institutions and governance. Amid an acceleration in inflation since early 2022 and the calibration of monetary policy by the Bank of Japan (BOJ) that has led to rising interest rates, although the resulting erosion in debt affordability will be limited given the favorable debt structure. Additionally, robust domestic liquidity and the continued growth of private sector savings underpins the still high debt affordability and mitigate refinancing risks from Japan's very large debt stock. At the same time, high social spending amid population aging, as well as defense needs in the context of geopolitical tensions, challenges prospects for significant debt reduction in the medium term....

Moody's affirms Japan's A1 ratings; maintains stable outlook - Rating Action – 2023/11/08 – US$ 180.00 – Charter Documents - Director and Shareholder Affiliation Policy." Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY'S affiliate, Moody's...

Moody's affirms Japan's A1 ratings; maintains stable outlook (Japanese translation) - Rating Action – 2023/11/08 – US$ 180.00 – 7/7 (a)(b) Moody's CorporationMCOMoody's Investors Service, Inc. CPMoody's Investors Service, Inc.1,000500 Moody's Investors Service, Inc.MCOMoody's Investors ServiceMoody's Investors ServiceMCO Moody's Investors Service, Inc.MCO5%...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Government of Japan - A1 stable: Annual credit analysis" Nov 30, 2023. Alacra Store. May 08, 2024. <http://www.alacrastore.com/moodys-credit-research/Government-of-Japan-A1-stable-Annual-credit-analysis-PBC_1380797>
  
APA:
Moody's Global Credit Research. (). Government of Japan - A1 stable: Annual credit analysis Nov 30, 2023. New York, NY: Alacra Store. Retrieved May 08, 2024 from <http://www.alacrastore.com/moodys-credit-research/Government-of-Japan-A1-stable-Annual-credit-analysis-PBC_1380797>
  
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