FITCH RATING AGENCY LOWERED ITS CREDIT OUTLOOK ON JAPAN’S FOREIGN CURRENCY DEBT

Highlights –

• Fitch rating agency lowered its credit outlook on Japan’s foreign currency debt.
• The agency lowered its rating to negative from stable.
• The COVID-19 crisis raised the country’s debt.
• Japan’s economy is expected to contract sharply in the second quarter of this fiscal.

Global rating agency Fitch reported its outlook on Jap....