Japan's Revolving Door May Continue

Prime Minister Naoto Kan’s election loss could lead to a downgrade of Japan’s credit rating should it hamper his ability to address the world’s largest public debt, Standard & Poor’s and Moody’s Investors Service said. The Democratic Party of Japan’s upper-house defeat yesterday is “potentially negative” because of legislative gridlock, Takahira Ogawa, director of sovereign ratings at Standard & Poor’s in Singapore, said in a phone interview today. Read details here:

Japan's Revolving Door May Continue