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Moody's Japan analyst urges reform while BOJ takes time to raise rates
Moody's credit-rating firm would unlikely take negative rating action on Japan even if the government fails to meet its primary budget-balancing target next fiscal year, saying that the target should be considered a commitment to fiscal reform, its Japan sovereign analyst said on Monday. Christian de Guzman of Moody's said he did not expect the fiscal 2025 budget target to be met, but the failure would not trigger a negative rating action. "If they abandon that commitment and then we actually see that being followed through by actual deterioration and significant deterioration in the fiscal deficit that leads to much ... (full story)
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