Japan Downgraded

JulieW

JulieW

Well-Known Member
Silver Stacker
Could this writer be related to Eric Blair?

Fears over the future of Japan's economy are growing and Moody's, the credit ratings agency, reflected this on Monday by cutting its credit rating to A1 from AA3.

The news came just after the country's main stock market, the Nikkei, closed at a seven-year high.

Increased "uncertainty" over whether Japan Prime Minister Shinzo Abe can achieve his deficit-cutting goals, and "the timing and effectiveness of growth enhancing policy measures" have made Japanese government debt riskier in the medium term, analysts at Moody's said in a release. They added that the outlook for the rating was stable.


http://www.cnbc.com/id/102226574?trknav=homestack:topnews:10
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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.
 
errol43 said:
Japan is in a hell of a financial hell hole. 240% debt to GDP.

No wonder it is downgraded.

Regards Errol 43
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I wonder what sort of run rate required that would translate to in a one day Cricket match? ;)
 
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