S&P warns Japan over public debt
September 28, 2006
Standard & Poor's (S&P) warned yesterday that the government of new Japanese Prime Minister Shinzo Abe might struggle to implement the fiscal reforms needed to sustain the vibrant recovery of the economy.
The temptation to raise government spending, a failure to tackle ballooning public debt, or a lack of will to push through unpopular but necessary policies could undermine the economy and possibly influence Japan's debt ratings, S&P said.
It did not say it was considering lowering Japan's debt and credit ratings. - Sapa-AP, Tokyo
|
|
