Thursday, August 25, 2011

«Moody» reduce debt rating of Japan's degree and one

«Moody» reduce debt rating of Japan's degree and one

According to Alalam.ir Website : The agency announced the downgrade of one notch, "uh, uh, 3" to "uh, uh, 2" in spite of saying that is the country's future seemed stableShe said, "Moody's" in a statement that "Japan marked reduction caused by a large budget deficit and the accumulation of Japanese government debt since the global downturn in 2009"She added that "several factors make it difficult for Japan to reduce the rate of debt compared to GDP has been reduced classification"Noting that the earthquake in March reduced the recovery of the Japanese global recession in 2009 "For his part, said Japanese Finance Minister Yoshihiko Noda Confidence in Japanese bonds were not affected by reducing the credit ratingThe first time that the agency reduce a large sign for the credit rating of Japan since the March 11 disaster and the resulting damage to the Fukushima nuclear plantAnd the first time a low credit rating to Japan 9 years agoThis comes weeks after the decision of the institution, "Standard & Poor's" cut the credit rating of the United States the largest economy in the world for the first time in its historyThe Japanese economy is now recession, punished for three seasons in a rowAccording to recent government statistics, Japan, the Japanese economy shrinks 1.3% annual rate in the three months to the end of JuneJapan faces debt equivalent to almost twice their gross domestic and on the rise every year with the issuance of treasury bonds to compensate for the imports that fall far short of expenditures, especially since the global economic crisis in 2008-2009Although these figures were better than many analysts had expected, but there is a fear of increased levels of borrowing and spending to be undertaken by Japan to rebuild after the earthquake and tsunami last twoAnd increased the earthquake that hit Japan and the tsunami that followed, as well as the global financial crisis in 2009, pressure on the financial situation of JapanAt the same time, the Japanese government announced a program worth a hundred billion dollars to halt the rise of the yen ...
Original Text At Alalam.ir

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