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Moody's cuts Japan rating, blames politics

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.

: Reuters

http://www.reuters.com/article/2011/08/24/us-japan-rating-idUSTRE77N01620110824

25 2011 | View: 548 | News / Theme of day | Printint version
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