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Story summary
- S&P Global Ratings affirmed Japan's sovereign debt rating of A+/A-1 on March 30, 2026.
- The agency says Japan's nominal GDP and revenue growth should remain resilient despite geopolitical risks.
- It warns the fiscal deficit may widen over the next two years due to higher investment and stimulus spending.
- Ratings could be lowered if growth lags behind other high-income economies and the yen weakens further.
