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2016-05-31 — wsj.com
The chief of Mizuho Financial Group Inc. said Japan risks a credit-rating downgrade if Prime Minister Shinzo Abe delays a scheduled sales-tax increase without explaining how the government plans to cut its deficit... "The worst scenario is [the government] will just announce a delay in the tax increase. That could send a message that Abenomics has failed or Japan is heading for a fiscal danger zone and then it will harm Japanese government bonds' credit ratings," Mr. Sato said in an interview, referring to the prime minister's growth program.
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Moody's downgraded Japan's credit rating by one notch to A1 from Aa3, the same rating it has assigned to Israel and the Czech Republic, after Mr. Abe decided in November 2014 to delay the tax increase the first time.
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