Home » Topics » nikkei 225 index

Moody’s cuts Japan debt rating

Major ratings agency Moody’s Investors Service downgraded Japan’s sovereign debt rating by one notch Wednesday, putting fresh pressure on the country’s political leaders to repair its finances. Moody’s said it was cutting Japan’s government bond rating to Aa3 from Aa2, citing the “large budget deficits and the build-up in Japanese…

Tokyo shares up on Obama’s debt deal announcement

Tokyo shares rose 1.71 percent on Monday after US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a potentially disastrous debt default. At 0100 GMT the Nikkei 225 index at the Tokyo Stock Exchange rose 167.29 points to 10,000.32. The dollar briefly…