Moody’s Investor Service has downgraded the debt of Japan—the third-biggest economy in the world.
The credit rating agency has provided three reasons for this downgrade: uncertainty over Japan’s ability to cut its deficit; uncertainty over the effectiveness of government growth policies; and the risk of yields on Japanese government bonds rising. (Source: Moody’s Investor Service, December 1, 2014.)
Digging a bit deeper…
According to the International Monetary Fund (IMF), Japan’s … Read More