TOKYO Jan 8 Fitch Ratings will not change its
sovereign rating on Japan based on promises made by the ruling
Liberal Democratic Party ahead of its election victory last
month, a Fitch official said on Tuesday.
Andrew Colquhoun, head of Asia-Pacific sovereign rating at
Fitch, told reporters on a conference call that the ratings
agency would evaluate the actions the new government takes from
Prime Minister Shinzo Abe has made reviving the economy his
government's top priority, but his spending promises have raised
concerns that Japan's public debt burden, already the worst
among major economies, could deteriorate further.
Colquhoun said that if the new government's policies were
able to foster growth domestic product growth, that could be
favourable for Japan's rating.