Fears of a Japan debt crisis dismissed as share markets soar | The Business | ABC NEWS скачать в хорошем качестве

Fears of a Japan debt crisis dismissed as share markets soar | The Business | ABC NEWS

The promise of tax cuts and additional cost of living measures which propelled Japan's prime minister to a historic landslide victory have seen the Japanese share market soar. Its economy - the fifth largest in the world - is consequential for the global economy and markets. Blackrock's head of active equity for Japan, Yue Bamba joined The Business from Tokyo. He says the weekend result creates some stability in the world's political system. He says fears of a Japanese debt crisis is unwarranted, because even though the country's debt-to-GDP is elevated, it's decreasing. He says he believes Sanae Takaichi and her government will be 'sensible' in running the economy. Bond and FX markets have reacted positively, as well as the Yen 'holding up remarkably well', he said. "The market is reacting in such a way, especially the long end of the interest rate curve, because that (instability) in the long end of the GDP curve could have had ripple effects to the rest of the world," he says. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia