What Moody's Downgrade Means For Abe, Japan

Moody's Investor Services downgraded Japan's national credit rating on Monday, following Japan's slip into a technical recession and Prime Minister Shinzo Abe's decision last month to hold a snap election in mid-December. The downgrade shot the yen to a seven-year low against the U.S. dollar and damaged futures of the Nikkei average and of Japanese government bonds.