Moody's cuts Japan's debt rating on deficit concerns

alp227

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Tue Aug-23-11 07:08 PM
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Moody's cuts Japan's debt rating on deficit concerns

Source: BBC News

Rating agency Moody's has cut Japan's long-term sovereign debt rating citing concerns about the size of the country's deficit and borrowing levels.

The rating was cut to Aa3 from Aa2.

Read more: http://www.bbc.co.uk/news/business-14625969

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ShockediSay

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Tue Aug-23-11 07:25 PM
Response to Original message

1. I cut Moody's on integrity concerns. n/t

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Heywood J

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Tue Aug-23-11 07:50 PM
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2. This just in: no one cares.

The Japanese mostly self-finance their deficit and have no Teabaggers to fight tax increases. They also don't give two shits what a scheme-enabling tool thinks about their policies right now - they have larger matters to attend to.

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blank space

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Tue Aug-23-11 07:56 PM
Response to Reply #2

3. Absolutely Agree

what a complete and utter load of horse crap.

The japanese debt is almost entirely self funded, while the also hold the second largest cash reserves on earth.

What the fck moodies - you have just made an absolute fool out of yourselves - its not as if people aren't aware of the japanese situation - how incredibly self defeating of moodies.

The housewoves of japan control roughly 13 trillion us dollars in savings.

You are fooling no one Moodies.

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AndyTiedye

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Tue Aug-23-11 09:56 PM
Response to Reply #3

4. Fukushima

is going to cost them trillions of yen.

Quite a bit of prime agricultural land is permanently contaminated, in a country with very little farmland.

They still have a lot of cleanup to do from the tsunami and the earthquake as well.

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