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S&P cuts Japan's debt outlook as spending surges during pandemic

Rating cut to stable from positive; deficit expected to stay "relatively high" in fiscal 2021 through 2023

Tokyo

S&P GLOBAL Ratings on Tuesday lowered its outlook on Japan's sovereign debt rating to stable from positive, citing increased uncertainty over the country's fiscal health as it boosts spending to overcome the effects of the coronavirus pandemic.

The move underscores the...

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