Moody's Byrne on Japan Credit Downgrade, Economy

Moody's Byrne on Japan Credit Downgrade, Economy Play

Aug. 24 (Bloomberg) -- Thomas Byrne, a senior vice president for sovereign risk at Moody's Investors Service, talks about the downgrade of Japan's sovereign-credit rating. Moody’s lowered Japan's grade by one step to Aa3, citing "weak" prospects for economic growth that will make it difficult for the government to rein in the world’s largest public debt burden. Byrne speaks from Tokyo with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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