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Japan unlikely to launch stimulus package: S&P

Tokyo

JAPAN's government is unlikely to be able to launch a stimulus package to support its struggling economy without raising concerns about the size of its spending, ratings agency Standard & Poor's said on Wednesday.

Faced with a flagging economy, Japan is laying the groundwork for new government spending to pre-empt any weakness in household consumption, which would add to its already heavy debt burden.

S&P cut its rating on Japan from AA- to A+ in September, which is four notches below its top...

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