During these times, we are encouraged by investors like BSP Life who are not holding back on their plans and continue to display the confidence required for our economy to quickly recover. This is a time when Fiji needs good investments to assure of our sustainability and economic viability going forward.
On the whole, Japan’s financial markets function well. For example, because of the market turmoil over the past ten months, Japan’s TED spread, defined as the inter-bank offered rate minus the T-bill rate, has widened by 25 bps, while those spreads in the U.S. and European markets expanded by 100 bps and 70 bps respectively.