Announcements

    Drinks

      Scope affirms the sovereign rating of Japan at A and revises Outlook to Stable

      22/3/2024 Rating announcement EN

      Scope affirms the sovereign rating of Japan at A and revises Outlook to Stable

      Improvement of the inflation outlook and constructive effects for debt sustainability underpin change of the Outlook. Very-high gross government debt, comparatively weak nominal growth potential and rising ageing costs remain rating constraints.

      Scope affirms Japan's ratings at* A and maintains the Negative Outlook

      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.

      Scope takes no action on Japan

      21/4/2023 Monitoring note EN

      Scope takes no action on Japan

      Monitoring review announcement

      Scope takes no action on Japan

      28/10/2022 Monitoring note EN

      Scope takes no action on Japan

      Monitoring review announcement

      Scope affirms Japan's A ratings; Outlook revised to Negative

      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.

      Scope takes no action on Japan

      26/11/2021 Monitoring note EN

      Scope takes no action on Japan

      No action has been taken on Japan following a monitoring review.

      Scope downgrades Japan's ratings to A; Outlook revised to Stable

      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.

      Scope takes no action on Japan

      5/2/2021 Monitoring note EN

      Scope takes no action on Japan

      No action has been taken on Japan following a monitoring review.

      Scope has completed a monitoring review for Japan

      19/10/2020 Monitoring note EN

      Scope has completed a monitoring review for Japan

      Monitoring review announcement

      Scope affirms Japan’s sovereign rating at A+ and revises the Outlook to Negative

      24/4/2020 Rating announcement EN

      Scope affirms Japan’s sovereign rating at A+ and revises the Outlook to Negative

      A continuously deteriorating fiscal outlook and very low growth potential, both exacerbated by the Covid-19 shock, drive the Negative Outlook. A diversified and competitive economy, strong funding flexibility, and sound external position are strengths.