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Fitch’s Colquhoun Says Japan Earthquake to Break Diet Gridlock

Japan’s March 11 earthquake may help politicians come together in the wake of the crisis, according to Fitch Ratings.

“In the near term, it seems likely that the disaster will break the gridlock in parliament over the issue of the financing bill, which is near-term positive,” Andrew Colquhoun, head of Asia-Pacific sovereigns at the credit-rating company, said in an interview on Bloomberg Television today.

“But the impact on the longer-term debate over fiscal consolidation” is still uncertain, he said.

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