Do Credit Ratings Matter? We Will Soon Find Out
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Jan. 8 (Bloomberg) -- Taro Aso, 72, sure is a busy man.While most Japanese of his vintage are happily ensconced inretirement, Aso has three new jobs: deputy prime minister,finance minister and minister for financial services.
This trifecta of responsibilities means Aso has beendeputized to end deflation and weaken the yen once and for all.As he endeavors to do what no one has done before, Aso also willconduct an experiment of great interest to policy makers andinvestors: testing whether credit ratings matter.