Moody’s says Japan’s rating dependent on reforms

Moody’s Investor Service on Thursday indicated that it may lower Japan’s credit rating outlook to negative if the government doesn’t do more to address concerns over the nation’s debt, according to a report Thursday. Moody’s analysts said Japan’s credit score would depend on its ability to produce a credible plan for fiscal reforms to curb its mounting debt and stimulate growth in the economy, according to Dow Jones Newswires. Moody’s said it would monitor the government’s mid-term reform plan due in June, in making its decision. The agency last month kept its outlook on Japan’s Aa2 rating at stable

MarketWatch

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza