• Bloomberg


Japan’s local currency debt rating was raised one level to A1 from A2 by Moody’s Investors Service, Moody’s said Thursday, citing confidence that the government will pursue debt-cutting measures.

The increase in the long-term rating to the fifth-highest investment grade was the first by Moody’s since it assigned Japan the top Aaa grade in 1993. Japan has ¥834.4 trillion in public debt, the equivalent of the economic output of Asia-Pacific’s next 16 largest economies combined.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.