Japan, S & P confirms sovereign rating ‘A + / A-1’

Standard & Poor's announced that he had confirmed its judgment on the merits of Japan's sovereign credit issuer, 'A +' long-term and 'A-1' short on, with prospects that remain stable.

In a note dedicated to today's decision the agency estimates that the gross domestic product per capita will remain in a range 32.000- $ 35,000 per year until the close of the fiscal year 2019, ie until 31 March 2020.

A rating of supporting the positive trend in the external accounts, while continuing to have a negative effect of the weakness of the budget. The consideration of 'quantitative easing' program where remains committed Bank of Japan keeps yields at very low levels.

In the opinion of Standard & Poor's, the yen demand as a reserve currency reduces the vulnerability of Tokyo than the sharp swings in capital flows internationally. The stable outlook, the statement concludes, reflecting expectations of a 2% economic growth, while negative reference rates should slow down the accumulation of debt process.