S & P Threatened To Cut Japan'S Credit Rating &Nbsp, And Urged Financial Reform.
Main global
credit
Rating agency Standard Pool Co official said 29, if the Japanese government can not launch "credible and sustainable" financial reform plan, can not guarantee political stability, Japan's sovereign credit rating will be inevitable.
Gaoping, the head of the standard and poor's sovereignty and international public finance rating division, told Japan's Kyodo news agency that standard & Poor's still kept Japan's long-term sovereign credit.
Grade
The outlook remains negative.
In April of this year,
Standard & Poor's
Japan's long-term sovereign credit rating outlook has been downgraded from "stability" to "negative" because Japan's post quake reconstruction may raise its budget deficit.
Ogawa Takahira said that the impact of Japan's strong earthquakes and tsunamis on the economy and finance seemed unanticipated, but the government must be clear.
How to reinventing finance in the medium term?
He urged the Japanese government to launch a credible and sustainable financial reform plan.
In January this year, S & P lowered Japan's long-term sovereign credit rating from AA to AA, because the government lacks a coherent plan to restore fiscal health.
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