EconomyJapan debt rating would be harmed by consumption tax cut: Fitch
Even a leadership change not expected to result in policy reversal
Japan's consumption increase was highly unpopular but withdrawing it is pretty much out of the question due to the country's burgeoning social security needs. © AP
MITSURU OBE, Nikkei staff writer
August 25, 2020 17:39 JST
TOKYO -- Fitch ratings analysts warned on Tuesday that Japan's single-A debt rating would be negatively affected if the country reverses the consumption tax increase it implemented last October, with the country's debt outlook now leaning toward negative.