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Transcripts For BBCNEWS Asia 20240704

reacted with anger. i strongly disagree with fitch s - reacted with anger. i strongly disagree with fitch s decision | disagree with fitch s decision and i disagree with fitch s decision and i believe it is entirely unwarranted. it s flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. gf of the democrats used the opportunity to point finger and republicans for their role in the recent debt limit fight of all republicans blame it democrats and joe biden for joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including jp morgan

Transcripts For BBCNEWS Asia 20240706

to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of this, it

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