Japan’s Ratings Outlook Cut on Lack of Hatoyama Plan (Update3)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGg4tFn9n2gY&pos=5

“The policies of the new Democratic Party of Japan government point to a slower pace of fiscal consolidation than we had previously expected,” S&P said in a statement today. Japan’s rating could be lowered from the current AA, the third highest, if economic data “remain weak” and measures to buttress growth “are not forthcoming,” the company said.