Moodys Cuts Russia Credit Rating

Japan's Topix index experienced its largest increase in over a year due to a boost in domestic equity holdings by the nation's pension fund, following a three-week decline. Concurrently, two Japanese ministers resigned amid misconduct allegations. In London, home sellers raised asking prices significantly, marking a 7% increase from September. Meanwhile, Moody's downgraded Russia's credit rating due to slow growth and reserve erosion, as sanctions over Ukraine continued to impact the economy. Russia's foreign minister rejected conditions to lift the sanctions after unsuccessful talks in Italy.

What was the primary reason for the surge in Japan's Topix index?

• Government stimulus package

• Boost in domestic equity holdings by the pension fund

• Increase in foreign investments

• Rise in export demands

Why did Japan's Minister of Trade and Industry resign?

• Political differences

• Health issues

• Allegations of misconduct

• Retirement

What was the percentage increase in London home prices from September?

• 5%

• 6%

• 7%

• 8%

What was the main reason for Moody's downgrade of Russia's credit rating?

• Increase in national debt

• Sluggish growth prospects and erosion of reserves

• Political instability

• Decline in oil prices

What was the outcome of the talks in Italy regarding Ukraine?

• Partial agreement on trade

• Extension of sanctions

• Successful resolution of sanctions

• No breakthrough achieved