S&P cuts Japan sovereign rating


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Japanese 10,000 yen notes are spread out at Interbank Inc. money exchange in Tokyo, in this September 9, 2010 file picture illustration. Rating agency Standard & Poor's cut Japan's long-term sovereign debt rating on January 27, 2011, for the first since 2002, saying the country's government lacked a coherent plan to tackle its mounting debt. Picture taken September 9, 2010 REUTERS/Yuriko Nakao/Files