Monday, December 1, 2014

Moody’s downgrades Japan because of its debt – The World

The rating was downgraded Japan December 1, 2014 by Moody's.

The agency quoted “increased uncertainty about the ability [of Japan] achieve its deficit reduction goals” and said his doubts about whether the ” timing and effectiveness of support measures to boost growth in a context of pressure deflationary “

Read:. Inflation continues to slow in Japan

Moody However shade’s evaluation of the Japanese situation by maintaining a “stable outlook” justified by “diversified its large economy” which preserves, despite the weight debt, excessive exposure to default risk.

NEW SETBACK FOR THE GOVERNMENT

After a promising start and praise around the world, “Abenomics” , referring to Prime Minister Shinzo Abe, have accumulated setbacks recently, the Archipelago reviving recession in the third quarter. The Prime Minister has provoked early elections and returned to a law passed in 2012 on the evolution of the Japanese tax.

He decided to adjourn to April 2017 a second increase this tax initially scheduled for October 2015, noting that the first for seventeen years, which occurred last April, had sealed the recovery that began a little more than a year ago

Play.: The effectiveness of “Abenomics” raises doubts

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