Japan - Global debt crisis builds

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Global debt crisis builds

Tuesday, January 26, 2010
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From 24/7 Wall Street:

S&P said it will consider a downgrade of Japan’s sovereign debt. The nation faces the same pressure that countries from Ireland to Greece face. Japan’s national debt obligations are growing while its economy is not.

“The policies of the new Democratic Party of Japan government point to a slower pace of fiscal consolidation than we had previously expected,” S&P said. Japan could have its debt cut to...

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