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Moody’s official says still opportune time for Japan to raise sales tax

Moody's official says still opportune time for Japan to raise sales tax© Reuters. Illustration photo of a Japan Yen note

TOKYO (Reuters) – It is still an opportune time for Japan to raise the nationwide sales tax because risks posed by global trade tensions are likely to be temporary, a senior official at ratings agency Moody’s Investors Service said on Wednesday.

Japan’s outlook for growth remains stable partly because it is supported by accommodative monetary policy, said Christian de Guzman, a vice president of sovereign ratings at Moody’s.

Moody’s rating on Japan is A1, which is four notches below its top rating. Its outlook for Japan is stable.

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Source: Investing.com

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