S&amp;P: The outlook on Japan's long-term ratings reflects our view that nominal GDP and income growth will remain resilient, despite risks from geopolitical developments.
With an agreement reached between the U.S. and Japan, uncertainty surrounding U.S. tariff policy is likely to diminish significantly.
Given that Japan possesses approximately eight months of large-scale oil reserves, we believe Japan has the capacity to withstand supply shortages.

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S&P's outlook on Japan's long-term rating indicates that nominal GDP and income growth will remain resilient despite geopolitical risks. Following an agreement between the US and Japan, uncertainty surrounding US tariff policy is likely to significantly diminish. Furthermore, Japan possesses approximately eight months of large-scale oil reserves, enabling it to withstand supply shortages

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