Moody’s cuts Japan rating, blames politics

by admin on Tuesday, August 23rd, 2011 | No Comments

TOKYO (Reuters) – Temperamental’s Investors Service cut its rating on Japan’s government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt in view of the fact that the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.