US ratings agency out with their verdict 2 June 2016
- delay makes fiscal goals more challenging
- tax delay and planned fiscal stimulus raise further questions over govt's ability,willingness, to meet fiscal goals
Not what Abe & Co wanted to hear but I'm sure he won't lose a lot of sleep over it.
No official downgrade as yet but Japan definitely caught between a rock and a very hard place still.
USDJPY just nudging back over 109.00 after holding 108.80 again.
