''Fitch publishes special report - Japan's public finances''

From Reuters

''Fitch has published a Special Report, "Japan's Public Finances", available from www.fitchresearch.com or by clicking on the link above. The report provides additional background to the agency's downgrade of Japan's local and foreign currency Issuer Default Ratings to 'A+'/Negative Outlook on 22 May.

"Japan's sovereign credit profile is under pressure from high and rising government indebtedness, while current fiscal consolidation plans are slow even relative to other fiscally-challenged high-income sovereigns," said Andrew Colquhoun, Head of Asia-Pacific Sovereigns at Fitch.''

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