Arab Today, arab today japan\s financial minister trust in government bonds unshaken
Last Updated : GMT 23:05:32
Arab Today, arab today
Arab Today, arab today

Japan\'s Financial Minister: trust in government bonds unshaken

Arab Today, arab today

Arab Today, arab today Japan\'s Financial Minister: trust in government bonds unshaken

Tokyo - Kuna

Japanese Finance Minister Yoshihiko Noda on Wednesday affirmed that trust in Japan\'s government bonds remains firm despite the downgrade of its credit rating by Moody\'s Investors Service Inc.. While declining to comment on the Moody\'s decision, Noda said, \"The smooth sales of Japanese government bonds at recent auctions show that confidence in our bonds remains unshaken. Earlier in the day, the US rating agency lowered the credit rating of Japanese government bonds by one notch to Aa3 from Aa2, the first Japan downgrade since 2002, citing the country\'s weak prospects for economic growth, huge government debt and constant political uncertainty. The new rating ranks Japanese debt at the same level as that of countries like China and Chile. The March 11 earthquake and tsunami, as well as the ongoing nuclear crisis are slowing Japan\'s economic growth, Moody\'s said in a report, adding that the Japanese government has failed to hammer out viable plans for the social security and tax reform. Japan\'s public debt may exceed 200 percent of annual gross domestic product (GDP) in fiscal 2016 at the earliest, according to the government estimate. \"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,\" Moody\'s pointed out. The downgrade comes ahead of the ruling party\'s presidential election to decide the next Japanese prime minister next week. However, the agency highlighted Japan\'s large economy and dependable domestic funding base that enables the government to fund itself at a lower nominal cost than any other advanced economy. \"We believe that this funding cost advantage will be sustained by considerable institutional and structural strengths, which will prevail even with large budget deficits in 2011 and 2012,\" Moody\'s said. It also said that the outlook on its new rating is stable. The impact from the downgrade on the bond market was limited on Wednesday, as the move had been widely expected. Standard Poor\'s also lowered Japan\'s rating to AA- in January, equivalent to the current Moody\'s grade.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s financial minister trust in government bonds unshaken Arab Today, arab today japan\s financial minister trust in government bonds unshaken

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday