MNI China Daily Summary: Friday, February 14

MNI BRIEF: China Jan Yuan Loans, Financing Beat Expectations

CHINA JAN NEW LOANS CNY5.13 TRLN VS MEDIAN CNY4.53 TRL

MNI BRIEF: China Machinery Expects Stable Trade In 2025

MNI BRIEF: China 2024 Real Estate Loan Recovered: PBOC

MNI: China To Ensure 5% GDP Amid Export Uncertainty: CASS's Yu

MNI: EUROZONE FLASH Q4 GDP +0.1% Q/Q, +0.9% Y/Y

MNI: SPAIN JAN HICP -0.1% M/M, +2.9% Y/Y

US EIA:NAT GAS STORAGE -100 BCF TO 2,297 BCF FEB 07 WK

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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RATINGS: Fitch Affirms Japan At A; Outlook Stable

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Fitch Affirms Japan at A; Outlook Stable

  • The rating agency notes that "Japan's 'A' ratings balance the strengths of an advanced, wealthy economy with correspondingly robust governance standards and public institutions, against weak medium-term growth prospects and very high public debt. The central bank's monetary strategy and broad domestic investor base continue to support relatively low bond yields and the government's financing capacity, despite gradual monetary policy tightening. Persistent current account surpluses, a large external asset position and the yen's reserve currency status also support the rating.
  • Negative risks include "expectations of a persistent, significant rise in the government debt/GDP ratio over the medium term, for example, due to pronounced and sustained loosening of fiscal policy, or higher real interest rates without stronger economic growth."
  • Click for full report.
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Fitch Affirms Japan at A; Outlook Stable

  • The rating agency notes that "Japan's 'A' ratings balance the strengths of an advanced, wealthy economy with correspondingly robust governance standards and public institutions, against weak medium-term growth prospects and very high public debt. The central bank's monetary strategy and broad domestic investor base continue to support relatively low bond yields and the government's financing capacity, despite gradual monetary policy tightening. Persistent current account surpluses, a large external asset position and the yen's reserve currency status also support the rating.
  • Negative risks include "expectations of a persistent, significant rise in the government debt/GDP ratio over the medium term, for example, due to pronounced and sustained loosening of fiscal policy, or higher real interest rates without stronger economic growth."
  • Click for full report.