TOKYO (March 30): S&P Global Ratings on Monday affirmed its rating ​of Japan's sovereign debt but ‌said it may lower it if the yen weakens much further, ​reflecting the country's deteriorating ​economic competitiveness. The credit-rating firm said it ⁠affirmed its A+/A-1 rating ​on Japan reflecting its view that ​Japan's nominal gross domestic product and revenue growth will remain resilient in ​the face of geopolitical risk. But ​it said Japan's fiscal deficit could widen ‌over ⁠the next two years due to higher spending on investment and stimulus. "We may lower the ​ratings ​on Japan ⁠if economic growth is persistently and significantly below ​that of other high-income ​economies, ⁠and if the yen weakens much further, reflecting a persistent ⁠deterioration ​of Japanese economic ​competitiveness," S&P said in a statement.

Source: The Edge Markets March 30, 2026 09:37 UTC