but still the yen will rise, japan print zillions of new units and the world buys it.
Fitch Affirms Japan at 'A'; Outlook Revised to Negative
Fitch Ratings has affirmed Japan's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'A' and revised the Outlooks to Negative. The issue ratings on Japan's senior unsecured local-currency bonds are also affirmed at 'A'. The Country Ceiling is affirmed at 'AA' and the Short-Term Foreign-Currency IDR at 'F1'. KEY RATING DRIVERS The revision of the Outlooks on Japan's IDRs to Negative from Stable reflects the following key rating drivers:- - The Japanese government announced on 1 June that it had decided to delay a scheduled increase in the consumption tax from April 2017 until October 2019 (having already ... (full story)