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Highlighting Japan’s robust structural foundations, its impressive growth trajectory, and a narrowing fiscal deficit, Fitch, the ratings agency, reaf firmed the nation’s esteemed investment-grade ‘A’ rating in October 2023, maintaining a stable outlook. Describing Japan as an ‘advanced, affluent economy with robust governance standards and esteemed public institutions,’ Fitch forecasted a 2% growth for 2023, signaling an optimistic trend for business investment. Notably, Fitch underscored the economy’s resilience, attributing its strength to strong private-sector balance sheets, thriving corporate profitability, and a remarkable resurgence in inbound tourism.
Japan’s considerable wealth and