Moody’s says Japan’s rating dependent on reforms

Moody’s Investor Service on Thursday indicated that it may lower Japan’s credit rating outlook to negative if the government doesn’t do more to address concerns over the nation’s debt, according to a report Thursday. Moody’s analysts said Japan’s credit score would depend on its ability to produce a credible plan for fiscal reforms to curb its mounting debt and stimulate growth in the economy, according to Dow Jones Newswires. Moody’s said it would monitor the government’s mid-term reform plan due in June, in making its decision. The agency last month kept its outlook on Japan’s Aa2 rating at stable

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