Fitch Ratings is lowering Japan's credit rating as the country wrestles with staggering debt. Fitch said Monday that the government did not include sufficient measures in its budget to replace a deferred tax increase this fiscal year, which ends next March. Japan's debt is the largest among developed nations and more than twice the size of the economy. The ratings agency downgraded Japan's long-term foreign and local currency issuer default ratings to "A'' from "A+.Read more on NewsOK.com
Fitch Downgrades Japan Citing Economic Concerns
NewsOK.com RSS - business, Daily Oklahoman: Business
Mon, 04/27/2015 - 4:56am
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