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Fitch Assigns A Rating to Japan's Outstanding Government Bonds

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Fitch Ratings has placed an A rating on Japan's previously unrated outstanding long-term local currency government bonds, according to a recent release.

Following the action, all of Japan's outstanding long-term local-currency government bonds carry Fitch ratings.

The bonds' rating is equivalent to Japan's long-term local currency issuer default rating and sensitive to changes in the latter.

Significant shifts in the country's government debt-to-GDP ratio or real GDP growth prospects could lead to future actions on the sovereign rating, Fitch said.

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