S&P Leaves Japan Rating Unchanged as Abe’s Task Seen Critical
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Standard & Poor’s reaffirmed Japan’s credit rating, in the first verdict by an international ratings company on Prime Minister Shinzo Abe’s economic policies that have weakened the yen.
The sovereign, long-term credit rating was kept at AA-, the fourth highest level, with a negative outlook, S&P said in an emailed statement today. The company cut Japan’s rating in January 2011 and applied the outlook in the following month.