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Japan's Credit Rating Cut
Tuesday, November 27, 2001
(23:30)
ABC Radio Australia News

As Mark Simkin reports, rating agency Standard and Poor's says Japan's Prime Minister has been too slow to fix the economy.

Standard and Poors has lowered Japan's credit rating from AA plus to AA. It's something of a slap in the face for the world's second largest economy... it now joins Italy as the lowest rated member of the group of seven industrial nations. Standard and Poors says it expects Japan's economy will get significantly worse, and the agency criticizes prime minister, Junichiro Koizumi, for being too slow to enact its mandate of reform.
(More: GoAsiaPacific.com News Source)
2001 © ABC Radio Australia News.

Dan