S&P reaffirms 'A+/A-1' ratings for Japan; outlook revised to positive

Global rating agency Standard & Poor's (S&P) reaffirmed 'A+/A-1' ratings for Japan and revised outlook to positive, saying stronger economy sets the stage for fiscal improvement.

Key points: 

   •  Says that outlook reflects economic growth.
   •  Positive outlook on long-term rating reflects Japan's healthier growth prospects.
   •  Ratings reflect country's formidable external position, diversified economy.
   •  Also reflects political stability and stable financial system.
   •  Government finances are very weak.
   •  That remains a significant constraint on creditworthiness.