S&P downgraded Japan’s debt rating

FXStreet (Edinburgh) - Agency S&P has recently downgraded the Japanese long-term credit rating to A+, citing uncertainty over the ability of the Abe administration to revert the negative outlook on the domestic economic growth and inflation in the upcoming years.

According to the credit agency: ““We believe that the government’s economic revival strategy -- dubbed "Abenomics" --will not be able to reverse this deterioration in the next two to three years”, adding “Economic support for Japan’s sovereign creditworthiness has continued to weaken”.