S&P downgrades Japan’s rating outlook as weak government finances deteriorated due to pandemic

<p>S&P Global Ratings affirmed Japan’s A+ long-term and A-1 short-term sovereign credit ratings. However, outlook is downgraded from positive to stable as the “weak government finances have deteriorated further in fiscal 2020 owing to the COVID-19 pandemic”. “The fiscal position should improve materially once the outbreak recedes and economic growth returns. Nevertheless, we expect the […]</p>
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