(Bloomberg) -- The yen climbed after Standard & Poor's raised Japan's debt rating on government efforts to cut borrowing and spur economic growth.
The Japanese yen gained against 15 of the 16 most-actively traded currencies after S&P lifted the rating one level to AA from AA-, the first increase by the company since 1975. Signs of a strengthening economy may fuel bets the Bank of Japan will raise interest rates from the lowest in the industrialized world.
Read more at Bloomberg Currencies News
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