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(Moody’s Cuts Japan Rating One Notch to Aa3 - CNBCから)

Moody’s Investors Service on Wednesday cut the  rating on Japan’s government debt by a notch to Aa3, blaming large  budget deficits and the build-up of debt since the 2009 global  recession.
"Several factors make it difficult for Japan to  slow the growth of debt-to-GDP and thus drive this rating action,"  Moody’s said in a statement. The downgrade concluded a review begun on  May 31.
Still the  ratings agency said the outlook was now stable given the: “undiminished  home bias of Japanese investors and their preference for government  bonds, which allows the government’s fiscal deficits to be funded at the  lowest nominal rates globally.”

(Moody’s Cuts Japan Rating One Notch to Aa3 - CNBCから)

Moody’s Investors Service on Wednesday cut the rating on Japan’s government debt by a notch to Aa3, blaming large budget deficits and the build-up of debt since the 2009 global recession.

"Several factors make it difficult for Japan to slow the growth of debt-to-GDP and thus drive this rating action," Moody’s said in a statement. The downgrade concluded a review begun on May 31.

Still the ratings agency said the outlook was now stable given the: “undiminished home bias of Japanese investors and their preference for government bonds, which allows the government’s fiscal deficits to be funded at the lowest nominal rates globally.”

Notes

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