http://www.ibtimes.com/intl/
Quote of the dayThe move to lower Japan's foreign currency bond rating from Aaa opens the way for speculation about whether Moody's will take similar actions on other triple-A ratings
Kenro Kawano, senior rates strategist at Credit Suisse
Moody's Investors Service stripped the Japanese government of its last triple-A foreign currency credit rating
...
"Also, with Moody's citing as Japan's strengths its funding ability, it also fuels speculation about a cut to a triple-A rating on a country which cannot fund itself."
Ministry of Finance data on Japanese government bond holders shows foreigners held only 7.9 percent of the total as of September 2008, while foreign investors held more than half of tradeable U.S. Treasuries. ...
Comment . :
We talked a lot about UK's rating being lowered this week but maybe u missed this one about Japan on monday like i did .
