Moody’s has cut Japan’s credit rating by one notch over rising doubts about its ability to reduce debt levels.
The decision by the ratings agency sent the yen to a seven-year low against the US dollar.
The downgrade comes less than a two weeks before a snap general election called by prime minister Shinzo Abe.
The post Japan downgraded by Moody’s amid rising fears over debt appeared first on Trunews:.
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