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Japan’s Outlook Lowered to Negative From Stable by Fitch Ratings

Japan had its outlook lowered to negative from stable by Fitch Ratings.

“Japan’s sovereign credit-worthiness is under negative pressure from rising government indebtedness,” said Andrew Colquhoun, head of Fitch’s Asia-Pacific Sovereigns team, in a statement today. “A stronger fiscal consolidation strategy is necessary to buffer the sustainability of the public finances against the adverse structural trend of population ageing.”