Moody's on Japan - near-term and long-term credit challenges

Moody's latest on Japan

• Japan's aging population poses both near-term and long-term credit challenges
• Says expects Japan's GDP growth to decelerate from 2019 and converge towards the economy's potential growth rate at under 1%
• Japan's aging population poses credit challenges from real GDP growth and cost of sovereign debt to performance of securitization transactions
• Japan's demographic trends imply shrinking work force, declining household savings rates, narrowing tax base and rising welfare spending

Moody's report on Japanese population and demographics - summary via Reuters