worsening financial situation of the Japanese government downgraded the S & P im

European debt crisis continues to spread, rating agencies again turned his eyes toward Japan. According to overseas media reports, Standard & Poor's said yesterday that the Japanese government's fiscal position continued to deteriorate, suggesting that the lower the rating.

S & P director of sovereign ratings, said small Chuanlong level, the Japanese government's deteriorating fiscal position, the S & P Japan rating may be ready to cut, but it will not happen straight away. In addition, the International Monetary Fund (IMF) released a report in the new warnings, market concerns about fiscal sustainability in Japan could lead to a sudden surge in Japanese bond yields, resulting in unsustainable debt situation in Japan, the global economy has been the impact.

Japanese government yesterday released the November monthly economic report, the economic outlook for Japan's cautious stance, and for the first time clear that the debt crisis is one of the major risks the economy down. As investors concerns about the debt crisis intensified, the Japanese stock market fell yesterday, the Nikkei 225 index fell 1.8 percent, to close at 8165.18 points, a record low since the past two and a half.

The OECD has estimated Japan's public debt in 2013 may account for the gross domestic product (GDP) of 228%. By then, Japan will probably be the next in Europe. But analysts believe that Japan's sovereign debt to domestic investors hold 95%, so although the financial situation in Japan deteriorated, but the bond market remained relatively stable.