Fitch Revises Outlook on Japan to Negative
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Earlier, Fitch revised its outlook on Japan from stable to negative.
The rating agency cited the mounting cost of the earthquake and nuclear disaster, which puts added strain on a country already with financial issues.
"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.
The rating agency cited the mounting cost of the earthquake and nuclear disaster, which puts added strain on a country already with financial issues.
"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.
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