Japan is in a hell of a financial hell hole. 240% debt to GDP. No wonder it is downgraded. Regards Errol 43
The reaction from the markets in relation to Japan's election result on the 14th of December could be interesting. Japan's gone for an all or nothing approach with Abenomics so if he gets turfed out then the uncertainty could be too much for the Nikkei and the Yen.
Moody's, like the others, had no idea that the GFC was upon us, and still believe that they are qualified to tell us what is going on around us. I think the Stackeratti have made up their minds.
Yeah just read that Russia forecast a recession for themselves in 2015. If Russia is next will it be time for Europe soon after?
Japan had a decent miss with GDP today http://abcnews.go.com/International/wireStory/japan-data-show-gdp-fell-19-pct-july-27432857