Moody's cuts Japan rating, blames politics

Started by Reuters, Aug 24, 2011, 03:02 PM

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Reuters

Aug 24, 2011, 03:02 PM
TOKYO (Reuters) - 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.

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