Fitch cuts Japan's credit rating, cites huge debt
World BusinessMay 23, 2012
Fitch cut Japan's credit rating by two notches on Tuesday, citing its "leisurely" efforts at shrinking a massive public debt, as Tokyo struggles to kick-start the world's third-largest economy.The global agency downgraded Japan's long-term foreign currency rating to "A+" from "AA", with a negative outlook, noting "growing risks for Japan's sovereign credit profile as a result of high and rising pu