The contrast is striking. Three weeks ago, when Standard & Poor’s dared to opine that the United States of America’s creditworthiness was not what it used to be, investors went into paroxysms. On Wednesday, Moody’s made a similar observation about Japan; the market reaction was imperceptible. The Nikkei stock index closed a mere 1 per cent lower (Hong Kong stocks closed down 2 per cent), while Japanese government bonds barely twitched.
這種反差堪稱驚人。3周前,當標準普爾(S&P)竟敢宣佈美利堅合衆國的信用可靠性不如以前時,投資者大爲恐慌。週三,穆迪(Moody’s)對日本作出了類似的觀察結論,但市場看不出有什麼反應。日經指數收盤僅下跌1%(香港股市當日收盤下跌2%),而日本國債幾乎未受任何影響。
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