PostHeaderIcon S&P Cuts Rating on Japanese Government Bonds

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Fiscal discipline is EZ’s way forward – German wiseman
Europe should focus on demonstrating its commitment to budget consolidation rather than on new rescue mechanisms in order to calm market fears over its debt woes an adviser to the German government said on Thursday.

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S&P Cuts Rating on Japanese Government Bonds
Rating agency Standard & Poor’s downgraded Japan’s long-term sovereign debt from AA to AA-minus Thursday, citing the lack of a coherent government strategy to deal with the problem of the nation’s rising state debt.


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