Fitch says it may downgrade China and Japan as the nations struggle with heavy debt loads. The...

|By:, SA News Editor

Fitch says it may downgrade China and Japan as the nations struggle with heavy debt loads. The agency expects a "material deterioration in bank asset quality" in China will prompt a downgrade below AA within two years. In Japan, PM Noda will have to break a "logjam" in the Diet to sort out the debt mess and prevent a cut.