Japan gov't debt downgraded

Japan gov't debt downgraded

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda answers reporters' questions about the downgrading of Japan's government debt at the Finance Ministry in Tokyo on Aug. 24, 2011. Moody's Investors Service Inc. said the same day it has downgraded its credit rating for Japanese government bonds by one notch from Aa2 to Aa3.

Japan gov't debt downgraded

Japan gov't debt downgraded

TOKYO, Japan - Japanese Prime Minister Naoto Kan enters the prime minister's office in Tokyo on Aug. 24, 2011. Moody's Investors Service Inc. said the same day it has downgraded its credit rating for Japanese government bonds by one notch from Aa2 to Aa3. ''Over the past five years, frequent changes in administrations have prevented the government from implementing long-term economic and fiscal strategies into effective and durable policies,'' the U.S. rating agency said in its report.

Japan gov't debt downgraded

Japan gov't debt downgraded

TOKYO, Japan - Japanese Prime Minister Naoto Kan enters the prime minister's office in Tokyo on Aug. 24, 2011. Moody's Investors Service Inc. said the same day it has downgraded its credit rating for Japanese government bonds by one notch from Aa2 to Aa3. ''Over the past five years, frequent changes in administrations have prevented the government from implementing long-term economic and fiscal strategies into effective and durable policies,'' the U.S. rating agency said in its report. (Kyodo)

Japan gov't debt downgraded

Japan gov't debt downgraded

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda answers reporters' questions about the downgrading of Japan's government debt at the Finance Ministry in Tokyo on Aug. 24, 2011. Moody's Investors Service Inc. said the same day it has downgraded its credit rating for Japanese government bonds by one notch from Aa2 to Aa3. (Kyodo)