Moodys downgrades Japan, govt provides yen credit line

24th August 2011, Comments 0 comments GENEVA, SWITZERLAND - Credit rating agency Moody’s has joined Standard & Poor’s in downgrading Japan’s sovereign debt, citing a lack of long-term financial stability and uncertainty about its ability to repay heavy borrowing. The move Wednesday 24 August appears to have caused little reaction among Japanese investors, who were expecting the move. There was also [...]

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