Japan’s credit rating downgraded following sales tax increase delay

Joe Stanley-Smith

December 02 2014

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Credit rating agency Moody’s has downgraded Japan’s credit rating from Aa3 to A1 due to concerns over Prime Minister Shinzo Abe’s economic plan and last month’s delay of a sales tax rate hike until 2017.

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Joe Stanley-Smith

Editor ITR

Joe manages ITR’s online and print coverage, and the publication’s events worldwide. He covers a range of tax issues affecting multinational corporations, particularly indirect tax matters and case studies.

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