Moody’s prods Japan on debt (The Japan Times)

Japan should set a “well-articulated” target to reduce government debt that is already the largest in the world, according to Moody’s Investors Service. “Deficit reduction and a debt target would help support a rating,” Moody’s Senior Vice President Thomas J. Byrne said Tuesday in Singapore. “Things we are most concerned about are the lack of well-articulated long-term fiscal consolidation and a …