Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Japan's GDP set for biggest drop since 2014 - Bloomberg

Japan's economy likely suffered its biggest economic contraction since 2014 at the end of the last year and could drop into recession in the first quarter of 2020 due to coronavirus outbreak. 

The gross domestic product (GDP) growth rate is forecasted to have contracted by 3.8% in the fourth quarter of 2019 mainly due to a sharp drop in consumer spending.

Economists estimate that consumer expenditure fell 7.8% in the fourth quarter, alongside declines in business investment and exports, according to Bloomberg. 

Consumers may have tightened their purse strings in response to the consumption tax hike. Japan increased its consumption tax from 8% to 10% in October, the first hike in five years in October.  

“Japan’s underlying economy isn’t on a firm footing to start with, so growth can be easily pushed into negative territory if something like the coronavirus happens,” said Hiroshi Miyazaki, an economist at Mitsubishi UFJ Morgan Securities.

A negative GDP print for the first quarter would confirm recession - negative growth rate for two consecutive quarters or more. 

Moody's: Default risk rises for high-yield APAC corporates on slowing growth, trade policy uncertainty

Moody’s Investors Service is out with a fresh report, assessing the impact of the China coronavirus on the Asia-pac (APAC) corporates and the global e
Read more Previous

China’s NHC reports 5,090 new coronavirus cases for Thursday

China’s National Health Commission (NHC) releases the official figures of the new coronavirus cases confirmed for mainland China as of end February, 1
Read more Next