The Asian Experience
This is an introduction to daily reporting on the diverse elements that create a harmonious society; including work and leisure, arts and entertainment, foods and dining, history and culture, home and Asian lifestyles.
- March 21, 2010
- Japan’s Lost Decade Continues on S&P Downgrade
As if things could not become increasingly bleak for Japan’s “lost decade” and the recent news concerning Toyota’s global auto quality troubles, Standard & Poor’s credit rating agency has issued a warning to Japan’s new government relative to the nation’s borrowing, with a threat to downgrade its sovereign debt unless policy makers figure out the deflationary funk while curbing spending.
Read More- By Yoshinobu Watanabe, Waymark Japan
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