Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

S&P lowers Japan credit rating outlook

Business Jan. 27, 2010 - 01:26AM JST ( 6 )

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

Order by Time Order by Popularity

6 Comments

0

sydenhamJan. 27, 2010 - 06:17AM JST

I'm curious. Since 90% of the debt is held by Japanese and J banks, what will happen when the gov't defaults?

Obviously, a lot of people will be upset, and poorer, of course, but I'm no economist, so I just have no idea beyond that.
0

some14someJan. 27, 2010 - 06:29AM JST

S&P rating seems conservative, it might be further low on Moody's rating scale. Anyway now it is not a matter of time, rather soon that Japan's rating will fall behind other industrialized and non-industrialized countries.
0

theproJan. 27, 2010 - 07:30AM JST

Unless the government clears out the bureaucracy it's going to keep going down and down
0

The758Jan. 27, 2010 - 07:46AM JST

Unless the government clears out the bureaucracy it's going to keep going down and down

Well, that's it for Japan then
0

SuperLibJan. 27, 2010 - 07:59AM JST

So why is it that a country has $1 trillion in reserves and 115% debt to GNP? Are they getting a better return on their reserves than they're paying out for the debt that they issue? I've always wondered about this but haven't done any research....
0

bamboohatJan. 27, 2010 - 08:28AM JST

So why is it that a country has $1 trillion in reserves

I've heard, but not studied first hand, that a lot of those "reserves" are due to creative bookkeeping.

It's not like they send auditors to every country to pour through their records.

Gold, of course, is gold. But "foreign exchange reserves" sound like they could be flim flammed a little bit.