The market of Japan has been set for having a great year in the year 2020 with the trade outlook improving globally and the Olympic Games being held in the city of Tokyo as per the analysts.
With United States and China being set for signing a trade deal known as a phase one deal in the city of Washington on the 15th of January and the greatest spectacle in the world kicking off this summer. The strategists of Japan are of the belief that the country is in a good position to capitalize on this.
Nicholas Smith who is a strategist and an expert of Japan has said that they are looking at a market which has geared up on the trade globally and there are chances of the global trade rebounding post the pressures it had from the tensions due to the United States and China in the last years. He further said that the markets in Japan are very cheap at this moment.
There are speculations abound that Shinzo Abe, the Prime Minister is going to be dissolving the house and there are going to be general elections held in this year whole the Governor of Bank of Japan, Haruhiko Kuroda has given the suggestion that Federal Reserve is going to monitor the escalations recently of the tensions in Iran and United States.
Smith has made a suggestion that the combination of the circumstances may render the government being more amenable for the fiscal spending in the year 2020.
At the end of last year, Japan had a hike in the consumption tax and they are beginning to bite their nails regarding that.
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