TOKYO -- Standard & Poor's raised Japan's sovereign credit outlook to "positive" from "stable" on Friday. The rating agency cited healthier economic prospects as the primary reason for the revision.
"Nominal economic growth exceeding 2%, alongside negative effective real interest rates, would allow the sovereign's relative debt burden to stabilize sooner than we had previously expected," S&P said. "Tourism and healthcare spending have helped boost employment and investment," it added.
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