Fitch downgrade Japan’s rating outlook to negative, expects no rate cut by BoJ

<p>Fitch affirmed Japan&#8217;s Long-Term Foreign-Currency Issuer Default Rating (IDR) at &#8220;A&#8221;, but downgraded the outlook to negative from stable. The rating agency said: &#8220;The coronavirus pandemic has caused a sharp economic contraction in Japan, despite the country&#8217;s early success in containing the virus&#8230; The Negative Outlook reflects that the higher debt ratio and downside risks to [&#8230;]</p>
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