S.&P. Downgrades Japan's Outlook to Negative

The ratings agency cited the damage from the devastating earthquake and tsunami in March, estimating that reconstruction costs were likely to reach as high as 50 trillion yen, or $612.6 billion.

By JENNIFER STEINHAUERand CARL HULSE 27 Apr, 2011

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Source: http://feeds.nytimes.com/click.phdo?i=70580563fcc5537ba7a5072c63f0d709
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