Destruction from Super Typhoon Haiyan, the most powerful storm on record to strike the Philippines, shows the task facing President Benigno Aquino to curb the death toll in a country prone to natural disasters.
Japanese Prime Minister Shinzo Abe proceeded with an April sales-tax increase and a 5 trillion yen ($51 billion) stimulus plan as he tries to rein in the world’s biggest debt burden without negating efforts to end deflation.
China’s negative interest rates may hinder banks from increasing deposits and weaken the nation’s ability to cope with shocks from the global financial crisis, Thomas Byrne, a senior vice president at Moody’s Corp. said.
Japan must take fiscal measures to shrink its budget deficit, said Thomas Byrne, a vice president at Moody’s Investors Service in Singapore, when asked to comment on Yoshihiko Noda’s selection today as incoming prime minister.
Vietnam needs to eliminate its balance-of-payments deficit and stabilize its foreign reserves at an adequate level before an upgrade of the nation’s credit rating outlook, Moody’s Investors Service said.
Japan’s plan to restore fiscal health supports the stable outlook on the country’s Aa2 credit rating, though the government will need to provide more details on how to achieve its goals, Moody’s Investors Service said.