Moodys is a joke! From WSJ Moody’s Downgrades Japan - TopicsExpress

Moodys is a joke! From WSJ Moody’s Downgrades Japan Sovereign Debt Credit-Rating Firm Cites Concern Over Delay in Sales Tax Increase By ELEANOR WARNOCK Dec. 1, 2014 4:14 a.m. ET Moodys Cuts Japans Debt Rating Moodys Investors Service downgraded Japans government debt rating by one notch, the first downgrade by a major rating firm since 2012. Citing heightened uncertainty over the achievability of fiscal deficit reduction, Moodys downgraded Japans government debt to A1 from Aa3. Moodys said Prime Minister Shinzo Abes decision to postpone another sales-tax increase by 18 months poses risks to fiscal consolidation and, over the longer term, to debt affordability and sustainability. https://youtube/watch?v=ICgyNSpEPLc

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