Prime Minister Yoshihiko Noda on Saturday expressed concern about Japan maintaining its sovereign debt rating, after France lost its coveted triple-A credit status the previous day.
"The European crisis is not a fire on the other side of the river. Even France's rating has been lowered. If we continue to mismanage fiscal issues, Japan will (be next)," he said on a program broadcast by TV Tokyo.
Standard & Poor's Ratings Services said Friday it has downgraded its long-term French bond rating by one notch from the highest AAA level, and has also lowered its ratings for eight other eurozone countries.
(Japan Times)
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