20110829 Asia Biz Forecast

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Aug. 29, Mon. 14:30 - 15:00 (UTC) etc.

Japan: Tough Challenges Ahead
Moody's credit rating agency downgraded Japan's sovereign debt by one notch to Aa3 last Wednesday, citing the government's inability to bring down its deficit.
The announcement, which came less than a week before the ruling party is due to select its new leader, the sixth prime minister in the past five years, puts fresh pressure on the new chief to repair the country's finances. ASIA BIZ FORECAST analyzes the challenges ahead for Japan's economy with specialists.

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