The rating agency Standard & Poors classified Today, the creditworthiness of Japan down because of rising national debt.
first time in 12 years of Japan's credit was downgraded by one grade and is thus now at "AA-" that is already three steps below the highest rating. The Agency estimates that prospects also a dark, because the peak of the debt until the mid-2020s will be achieved. The markets reacted immediately gave the yen and increased the cost of credit default insurance.
The Japanese Economy Minister Kaoru Yosanu deplored the downgrading. For experts, this was, had been expected for some time, because the national debt already adds up to twice the economic output. Thus, the Japanese debt is higher than in any other industrialized country in the world and the budgetary situation, the worst of all industrialized nations.
Finance Yoshihiko Noda evaluated the reduction of credit ratings as a warning to the government, which must finally be active, or Japan was some time before a larger problem than Europe.
Source: http://info.kopp-verlag.de/index.html
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