Moody's has downgraded Japan from Aa2 to Aa3 based on the inability of the government to provide creditable solutions to their debt problems. Japan is having elections for its sixth leader n five years. There has not been any help at solving the debt to GDP ratio in Japan.
This is what is in store for countries which are in gridlock. Nevertheless, the cost of a lower rating has not hit Japan. Interest rates are low and the yen is at all time highs.
This is what is in store for countries which are in gridlock. Nevertheless, the cost of a lower rating has not hit Japan. Interest rates are low and the yen is at all time highs.
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