Japan's finances questioned

JAPAN - Japan's ability to repay its sovereign debts has been questioned by a leading international credit rating agency.

Standard and Poor's (S&P) has said it may downgrade the country's sovereign credit rating due to fears that the terrorist attacks on the US will lead to slower structural reforms in Japan.

The anticipated launch of a government reform plan, aimed at giving the ailing Japanese economy a much needed shot in the arm, could be delayed, S&P warned.

"With forecasts for economic gro