0719 GMT - The outlook for sovereign credit ratings across Asia-Pacific markets is stable, Moody's Ratings says in a report. It notes the region's steady growth and inflation, supported by easing financial conditions and resilient domestic demand. Potential U.S. trade restrictions, however, pose a material risk to the region's output, the ratings agency adds, pointing to frontier markets as the most vulnerable to liquidity and currency pressures. In Australia and New Zealand, Moody's expects solid wage increases and falling policy and mortgage rates to boost a recovery in consumer spending. The ratings agency forecasts Japan to see an above-trend growth rate at 0.8% for 2025, up from 0.2% in 2024, and expects South Korea to offset its domestic sluggishness amid a moderate upswing in global semiconductor demand. (jihye.lee@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 02:19 ET (07:19 GMT)
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