Japan’s Policy Risks Remain Despite New Prime Minister, Report Says
Standard & Poor’s Ratings Services believes that, despite the recent change in Japan’s prime minister to Mr. Yasuo Fukuda, Japan still faces considerable policy risks.
A report published today, entitled “Political Gridlock Could Cloud Japan’s Rating Prospects”, notes that the ratings on Japan are currently constrained by a high public sector debt burden, ongoing fiscal deficits, and anemic economic growth that is overly reliant on business investment and exports.