June 13, 2016 / 8:41 AM / 4 years ago

BRIEF-Fitch affirms Japan at 'A' outlook revised to 'Negative'

June 13 (Reuters) - Fitch On Japan

* Fitch affirms japan at ‘A’; outlook revised to negative

* Japan’s credit profile benefits from sovereign’s exceptionally strong debt tolerance and funding capacity

* Issue ratings on japan’s senior unsecured local-currency bonds affirmed at ‘A’,country ceiling affirmed at ‘aa’ , foreign-currency idr at ‘f1

* Outlook revision primarily reflects fitch’s decreased confidence in japanese authorities’ commitment to fiscal consolidation

* No longer expects consumption tax to rise in its base case

* Revised outlook on japan’s idrs to negative from stable

* Boj already expanding japan’s monetary base by about 16% of gdp annually, may face constraints in expanding qualitative and quantitative easing Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below