Posted on 12/01/2014 5:34:50 AM PST by WhiskeyX
Moody’s downgraded Japan’s credit rating Monday, citing “rising uncertainty” over the country’s debt situation and Prime Minister Shinzo Abe’s faltering efforts to kick-start the world’s No. 3 economy.
The ratings agency said it cut Japan’s rating by one notch to A1 from Aa3, after the economy sank into recession during the third quarter.
(Excerpt) Read more at japantimes.co.jp ...
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