S&P outlook on Japan could turn negative

FXstreet.com (Barcelona) - The credit rating agency Standard & Poor's has expressed concern over the recent monetary situation transpiring in Japan, coupled with tangible doubts that the government can finally win the battle against deflation.

Moreover, S&P weighed in on the plan of Japanese Prime Minister Shinzo Abe, that the recent boost to the country's economic expansion, also known as "Abenomics" stands on three strong pillars: "bold monetary easing, fiscal efforts to boost growth and strategy to induce the private sector to invest. "However, of these three key points, two remain inactive and only monetary relief is fully functioning now.

The agency has a rating of "AA-" for Japan's sovereign long-term debt.