Announcements
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
6/10/2023 Rating announcement EN
Scope affirms Japan's ratings at* A and maintains the Negative Outlook
High and rising public debt amid long-term fiscal and economic pressures due to adverse demographics anchors the Negative Outlook. A wealthy and diversified economy, strong funding flexibility, and a sound external position are credit strengths.

6/5/2022 Rating announcement EN
Scope affirms Japan's A ratings; Outlook revised to Negative
Sustained and material increase in debt and long-term fiscal and economic pressures due to adverse demographics drive the outlook revision. A wealthy and diversified economy, strong funding flexibility, and a sound external position are credit strengths.

18/6/2021 Rating announcement EN
Scope downgrades Japan's ratings to A; Outlook revised to Stable
Continued fiscal deterioration, exacerbated due to the Covid-19 crisis, and a weak demographic and economic outlook drive downgrade. A wealthy and diversified economy, strong funding flexibility, and a sound external position are credit strengths.
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