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IPFS News Link • Economy - International
Moody’s,
the credit ratings agency, lowered Japan’s credit rating by one notch
on Wednesday, warning that frequent changes in administration, weak
prospects for economic growth and its recent natural and nuclear
disasters made it difficult for the government to pare down its huge
debt.
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1 Comments in Response to Moody’s Cuts Japan’s Rating One Notch, Citing Its Giant Debt
Biden just got back from China assuring them our ability to pay our debt was just as reliable as the Japanese's. Didn't Moody get the memo. I guess we need to expand the S&P hearings and the Moody's CEO needs to go.