Fitch places Japan credit on Rating Watch Negative

GMT 13:50 2014 Tuesday ,09 December

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Fitch Ratings on Tuesday placed Japan's sovereign credit on Rating Watch Negative, warning that the delay in a planned consumption tax rise would put the government's long-term objective of reducing the national debt at risk.
The warning came a week after Moody's downgraded Japan's credit rating, citing "rising uncertainty" over the debt situation and Prime Minister Shinzo Abe's faltering efforts to kickstart the world's number three economy.

 

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