S&P revises Japan’s outlook to stable

FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid

(Reuters) – S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization.

The ratings agency said stable outlook reflects its view that until fiscal 2023, relatively large fiscal deficits will continue in Japan to keep upward pressure on the general government debt-to-GDP ratio.

Reporting by Aishwarya Nair in Bengaluru; Editing by Shailesh Kuber

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