News Headline Summary

Moody's says Japan's fiscal policy expansion could help in the short-term but leave the government with higher debt

Says:
- Japan would face negative credit implications if it cannot raise its potential growth rate.
- Delay in Japan's sales tax hike would be negative unless government cuts other spending.
- Rise in long-term JGB yields not large enough to be a concern.

Update details:

- These come after the election in Japan over the weekend, where new PM Abe was elected in with a large majority.

Print 09:57, 17 Dec 2012 - Rating Agency comments - Source: Newswires