Hiroshi Okuda, chairman of the Japan Federation of Employers’ Associations (Nikkeiren), urged the government and private sector Wednesday to try to prevent a further downgrading of Japan’s sovereign ratings to avoid possible panic in the economy.
Okuda, also chairman of Toyota Motor Corp., downplayed the recent wave of cuts by rating agencies, saying that one-notch drops will probably have little impact.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.