惠誉：财政政策是日本信用评级的主要风险

Core Viewpoint - Fitch Ratings has identified fiscal policy as a major risk factor for Japan's credit rating, particularly with the upcoming Senate elections and increasing calls for significant fiscal spending and tax cuts [1] Fiscal Policy Risks - Analysts note a trend of increasingly loose fiscal policy in Japan, with the government implementing subsidies and other measures to alleviate inflation's impact on households [1] - Recent polling suggests that this trend may strengthen post-election, raising concerns about the potential for tax cuts without accompanying policies to boost economic growth [1] - If Japan proceeds with tax cuts without significant economic growth, it could lead to an expansion of fiscal deficits and accelerate debt growth, putting pressure on the credit rating [1] Current Credit Rating - Fitch currently rates Japan's sovereign credit at "A," which is five levels below the highest rating of "AAA," with a stable outlook [1]