ALSO READJapan government raises assessment of output, capex as economy expands Japan government eyes new budget-balancing goal around mid-2020s: sources Japan December exports rise 9.3 percent year-on-year - MOF Japan fourth-quarter GDP rises annualised 0.5 percent on consumer spending Tokyo hit by heaviest snowfall since 2014
Japan's formidable external position, its prosperous and strengthening economy, and the yen's role as a global reserve currency offset weak public finances and adverse demographics, S&P Global Ratings said in a statement. http://bit.ly/2IQfgKM
The positive outlook on the long-term rating reflects Japan's healthier growth prospects in both real and nominal terms, the rating agency said.
"We understand securing the market's confidence on Japanese government bonds is an important task. We intend to continue working toward fiscal consolidation, while doing our utmost in economic and fiscal management," the official told Reuters.