Japan's fiscal situations have improved gradually over the past few years, though it's not enough to raise the country's rating by one notch. Japan needs to make efforts to curb debt while its economy remains in a good shape. |
Overall, Japan's economy is in much better shape to weather a political storm than a few years ago. We expect that whoever takes government, the broader policy on structural reform will be maintained. |
There is potential benefit from the rationalization of the systems and because of the potential revenue increase if the privatization is a success. At this stage there aren't any immediate economic or fiscal implications for the future. There's a long way to go. |