Alternatives are more important than the plan itself
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Fitch downgrades Japan
Fitch Ratings cut Japan's credit rating Tuesday, citing "growing risks" from the country's "rising public debt ratios." Fitch forecast that the Japanese government's debt will reach 239% of gross domestic product by the end of the year, which would be the highest of any countries rated by Fitch. Fitch also criticized Japan's plan to control in its debt as being too "leisurely." The rating agency downgraded Japan's long-term foreign and local currency issuer default ratings to A+ from AA and AA-, respectively, with negative outlooks for both. The yen continued to weaken against the U.S. dollar, falling nearly 0.5% to ... (full story)
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