User:Amgine/News shorts/20110128/Yen, Nikkei ease on Japan credit downgrade
The Japanese Yen edged downward to two month lows against the US dollar after Standard & Poors downgraded the country's long-term debt credit rating to AA-minus, the first downgrade in nine years. While the currency moved down slightly stocks stabilised as the lower currency is seen as a boon to exporters such as Sony, and bonds actually moved higher. The credit rating downgrade from AA is seen as due to rising debt loads relative to government revenues.
Category:Wikinews Shorts
Category:brief
Category:January 28, 2011