Bank Of Baku

Moody’s lowers Japanese government debt rating

Moody’s lowers Japanese government debt rating
# 25 August 2011 12:19 (UTC +04:00)
Moody’s downgraded Japan by one notch to Aa3, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies. Still, such cuts have had scant effect on yields as the vast bulk of Japanese debt is owned by the Japanese themselves.
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