The Three Reasons Why Moody's Just Downgraded Japan From Aa3 To A1

Sounds familiar?  The thing is that this is not just limited to Japan.

From Zero Hedge:

1. Heightened uncertainty over the achievability of fiscal deficit reduction goals and containing debt
2. Economic growth policy uncertainties and challenges in ending deflation
3. Erosion of policy effectiveness and credibility could undermine debt affordability

http://www.zerohedge.com/news/2014-12-01/three-reasons-why-moodys-just-downgraded-japan-aa3-a1