S&P just downgraded the outlook of US debt, saying there's a one in three chance of an actual downgrade in the next couple of years.
So what's the prospect for Japan having gotten it right?
Japan has been downgraded -- not just its outlook, but its actual rating -- 10 times since 1998.
Here's a look at what Japanese yields have done since then.
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See Also:
- The Global Losing Streak Is Continuing, After An Ugly Night In Japan
- Larry Summers: The U.S. Is Like Japan In The 1990s And We Need To Keep Spending
- How Japan Just Made The Global Oil Crunch Worse
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