Headline this pm: Moody’s cuts Japan credit rating to Aa3.
Who cares? Nobody. This is posturing by a soon-to-be, all but ignored credit agency.
Japan enjoys the lowest borrowing rates in the world. Does that sound like a sovereign with a credit problem?
This is noise from one of three US credit agencies now under the gun; all three profoundly out of their league.
Robert Craven
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