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Moody's cuts Japan rating, blames politics (to Aa3)
Reuters ^
| 08/24/11
| Rie Ishiguro
Posted on 08/23/2011 10:03:06 PM PDT by TigerLikesRooster
Moody's cuts Japan rating, blames politics
By Rie Ishiguro | Reuters
TOKYO (Reuters) - Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.
Japan is preparing to elect its sixth leader in five years to replace unpopular Prime Minister Naoto Kan, under fire for his handling of the response to a March tsunami and subsequent radiation crisis at a crippled nuclear power plant.
The downgrade, while not out of the blue, served as another reminder of the debt burdens that nearly all of the world's major advanced economies shoulder. The United States lost its top-tier AAA rating from Standard & Poor's earlier this month, and Moody's warned in June that it may downgrade Italy as Europe's sovereign debt crisis festers.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy; Foreign Affairs; Front Page News; Japan; News/Current Events
KEYWORDS: aa3; creditrating; downgrade; japan; moodys; naotokan; rating
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
08/23/2011 10:04:06 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster; sushiman; Ronin; AmericanInTokyo; gaijin; struggle; DTogo; GATOR NAVY; Iris7; ...
3
posted on
08/23/2011 10:05:24 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
On some aspects, I will buy it. Particularly the ruling Democratic Party of Japan has just been one big fustercluck, a real can ‘o shit. Where is the leadership to match the greatness of the people!!??
4
posted on
08/23/2011 10:05:39 PM PDT
by
AmericanInTokyo
(De-RINOFICATION of the GOP leadership is Job Number ONE. Let's GIT 'ER DONE!!)
To: TigerLikesRooster
5
posted on
08/23/2011 10:16:30 PM PDT
by
South40
(Perry: There is a path to citizenship for ILLEGAL ALIENS who have served THEIR country)
To: AmericanInTokyo
Yes, their ineptitude is close to being mind-boggling, although LDP pols do not inspire confidence, either.
6
posted on
08/23/2011 10:17:18 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
I don’t understand. According to Paul Krugman that earthquake/tsunami and that Fukishima debacle should have pulled Japan right out of their economic funk.
Krugman(?): If only the earthquake had done more damage, the economy would have gotten a boost
http://www.freerepublic.com/focus/f-news/2768150/posts
7
posted on
08/23/2011 10:23:52 PM PDT
by
Lurkina.n.Learnin
(The democratic party is the greatest cargo cult in history.)
To: AmericanInTokyo
Any chance of an early election?
To: Lurkina.n.Learnin
So why doesn’t he advocate a world war?
9
posted on
08/23/2011 10:34:58 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Whose idea was the “ consumption tax “ ? LDP .
How about all those outrageous tolls to use the highways ? LDP . Remember all the HUGE scandals like Lockheed ...Recruit ( mostly LPD ) ...Sagawa Kyubin ? And on and on and on ? Who is aggressively advocating an increase in the consumption tax ? Yep - LDP . Very “ conservative of them “ .
10
posted on
08/23/2011 10:49:44 PM PDT
by
sushiman
To: TigerLikesRooster
11
posted on
08/23/2011 11:03:32 PM PDT
by
americanophile
("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
To: TigerLikesRooster
12
posted on
08/23/2011 11:26:21 PM PDT
by
Tzimisce
(Never forget that the American Revolution began when the British tried to disarm the colonists.)
To: Lurkina.n.Learnin
Amazing isn’t it.
Only the “highly educated” could believe such nonsense... They can rationalize themselves right off into la-la land and little can bring them back - because they’re smarter than the rest of us no matter the evidence...
13
posted on
08/24/2011 1:11:02 AM PDT
by
DB
To: TigerLikesRooster
In related new, Moody's Corporate Headquarters suffered extensive damage when it was apparently attacked by an enraged Godzilla, apparently in retaliation for Moody's downgrade of Japan.
14
posted on
08/24/2011 4:21:44 AM PDT
by
AnAmericanAbroad
(It's all bread and circuses for the future prey of the Morlocks.)
To: TigerLikesRooster
Moody’s cuts Japan’s rating because of politics and leaves the US rating as is DESPITE THE HORRID POLITICS that are occurring? LULZ! The AnointedIdiot must have paid off Moody’s while forgetting to payoff S&P..... =.=
15
posted on
08/24/2011 5:11:49 AM PDT
by
cranked
To: AnAmericanAbroad
In related new, Moody's Corporate Headquarters suffered extensive damage when it was apparently attacked by an enraged Godzilla, apparently in retaliation for Moody's downgrade of Japan.Reaction From D.C.: "Godzilla Valuable Ally In Fight Against Domestic Terrorists."
To: AnAmericanAbroad
ROOK....GODZIRRA.... (OK, so my humour is a bit downgrading...)
17
posted on
08/24/2011 6:57:17 AM PDT
by
FDNYRHEROES
(It's 3 AM. Let me sleep on it. I'll get back to you in 16 hours.)
To: TigerLikesRooster
18
posted on
08/24/2011 7:17:46 AM PDT
by
ken21
(ruling class dem + rino progressives -- destroying america for 150 years.)
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