- Japan got its debt ratings reduced by Standard & Poor's today over doubts the government will revive economic growth and end deflation in the next two to three years.
- It's not a good news for Abenomics, the pet project of Prime Minister Shinzo Abe.
- The country currently has some ¥54T ($450B) of debt outstanding, which now holds a AA- rating in place of an A+ report card.
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