Persisting fears about sovereign and related debt from Greece to Dubai will keep investors occupied into 2010 after they enjoyed one of the best years for world stocks in the past two decades.
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 …
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