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S&P revises Japan's outlook to positive from stable


(Reuters) - Global Ratings on Friday revised Japan's outlook to 'positive' from 'stable' as the country's stronger sets the stage for fiscal improvement.

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, Global Ratings said in a statement.

Global Ratings affirmed its 'A+' long-term and 'A-1' short-term foreign and local currency unsolicited sovereign credit ratings on

The positive outlook on the long-term rating reflects Japan's healthier growth prospects in both real and nominal terms, the rating agency said.

An at Japan's declined to comment on S&P's latest action, but said intends to keep on working to improve its fiscal conditions.

"We understand securing the market's confidence on Japanese bonds is an important task. We intend to continue working toward fiscal consolidation, while doing our utmost in economic and fiscal management," the told

Japan's outstanding public debt burden is the worst in the at more than twice the size of its

(Reporting by in Bengaluru, Takaya Yamaguchi in Tokyo, Writing by Kiyoshi Takenaka; Editing by and Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 16:37 IST