Oct 3, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Japan’s economy facing challenging outlook
The global slowdown is also clouding the outlook for Japan's export-dependent economy, the latest edition of the Bank of Japan's so-called “Tankan” report showed. For the most part, stock markets are looking back on a negative third quarter, and sentiment remains sour given the prospect of further interest rate hikes, stubbornly high inflation and geopolitical risks. Meanwhile, tensions between the West and Russia escalated another notch after Russian President Putin sealed the annexation of the four territories occupied by Russian troops in Ukraine.