World

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 bit.ly/3hcamcM 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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