Reaffirms 'A+/A-1' ratings
- Previous outlook was 'stable'
- Says that outlook reflects economic growth
- Stronger economy sets the stage for fiscal improvement
- Positive outlook on long-term rating reflects Japan's healthier growth prospects
- Ratings reflect country's formidable external position, diversified economy
- Also reflects political stability and stable financial system
- Government finances are very weak
- That remains a significant constraint on creditworthiness
That should at least put a smile on Abe's face for about a second as he continues to deal with the political backlash on the local front. But the upgrade is much welcome by Japan as it bolsters investor confidence surely.
Now what exactly are the yields again? Oh wait.
