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Monday, December 1, 2014

Moody's Investors Service has downgraded Japan's Sovereign debt rating

Japan's sovereign debt rating by one notch to A1 from Aa3, citing heightened uncertainty over the achievability of fiscal deficit reduction goals and effectiveness of growth enhancing policy measures. The yen dropped to a seven-year low of 119.14 per dollar immediately following the announcement, but is now trading down 0.1% at 118.48.

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