How Long Can Japan Keep Interest Rates Low?
William Pesek, Columnist, Nikkei Asia
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Japan has revised its third quarter GDP figures, under the expectation that it will shrink to 0.8% on an annualised basis instead of 1.2%. But this doesn’t eliminate concerns over the economy’s resilience heading into 2023, even with the 210 billion US dollars. Moreover, the yen's persistent weakness against the US dollar has impacted prices of imports; Japan recorded a current account deficit of 4.5 billion US dollars in October. How long can The Bank of Japan keep the policy of low-interest rates? For answers, we speak to William Pesek, Tokyo-based journalist and columnist, Nikkei Asia.
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Produced by: Shazana Mokhtar
Presented by: Wong Shou Ning, Chong Tjen San
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Categories: economy, international
Tags: japan economy, weak yen,