Japan to support EFSF bonds as S&P strips AAA rating

euro-drowning

The decision by Standard & Poor's to downgrade the credit rating of bonds issued by the European Financial Stability Facility (EFSF) from AAA to AA+ will not affect Japanese investments in the bonds, according to Takehiko Nakao, vice-minister of international affairs for Japan's Ministry of Finance.

"The Japanese government is prepared to continue to support the European [Union's] effort in stabilising the economy... by investing into European Financial Stability Facility bonds...despite the dow

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