Where credit's due

Japan's public sector


Japan's sovereign rating was upgraded one notch in April for the first time since 2002. But government agencies and municipalities cannot be so sure of their own standing, thanks - ironically - to the very reforms that helped bring the AA country rating from Standard & Poor's. That's because uncertainty remains over how the restructured public sector will function and be financed, and, therefore, over its risk profile.

The most significant issue regards the level of financial risk faced by mu

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: