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.

article edit sources Category:Wikinews Shorts Category:brief Category:January 28, 2011 