Vladimír Urbánek (Kurzy.cz)
Markets  |  February 18, 2013 10:34:06

G-20 Summit - Japanese stimulation is OK, S & P reaffirmed debt rating

Weekend summit of finance ministers of the G-20 indicated that the Japanese effort to stimulate its economy by a strong weakening of the Japanese currency is not a problem. Japan to other countries enough vyargumentovat its procedures to primarily help end the prolonged deflationary environment in the country and not Mirena primarily to weaken the Japanese currency as a means major competitive advantage for their economy. The weakening of the Japanese yen, according to representatives of the secondary effect only after efforts to revitalize the growth of the third largest economy in the world. If this succeeds, will it benefit all trading partners, added Japanese officials.

Japanese yen over the past three months has weakened against the dollar by more than 13%.

S & P today reaffirmed Japan's debt rating to AA level-with a negative outlook.

The Japanese government estimates GDP growth in the next fiscal year by 2.5%. In the last quarter of the country's GDP rising sun fell by 0.4%.
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Summit G-20 - japonská stimulace je OK, S&P potvrdila dluhový rating

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