Fitch Ratings has placed Japan's 'A+' Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN). The issue ratings on Japan's unsecured foreign and local currency bonds have also been placed on RWN, as has the sovereign's Short-term IDR of 'F1+'. At the same time, Fitch has affirmed the Country Ceiling at 'AA+'. Fitch will look to resolve the RWN during the first half of 2015 in light of the next government's fiscal plans and updated fiscal and economic projections. KEY RATING DRIVERS The RWN reflects the following factors: - The Japanese government's decision to delay a ... (full story)