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It can be said that the sales tax delay had gained the support of the international community as it was meant to help the economy amid a slowdown, and the downgrade is unlikely to change such views, as for Japanese government bonds (JGBs), which are more directly impacted by downgrades, any effect is likely to be temporary thanks to the Bank of Japan's quantitative easing. Past downgrades have also had little impact on JGBs.

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    Quiz

    Are you a quotes master?

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    In which movie does this quote appear: "I don't like violence, Tom. I'm a businessman; blood is a big expense"?
    A Ocean's Eleven
    B The Godfather
    C Rush Hour
    D Blade