Japan's credit rating has now been downgraded by two levels by rating agency Fitch on concerns about the country's high levels of debt.
Fitch cut Japan's rating to A+ from AA and warned that further downgrades were possible.
Japan has by far the highest debt to GDP ratio of any major economy, although much of this debt is held by domestic investors.
The government has spent huge amounts of money on trying to stimulate growth not unlike our own economy here in the UK.
Part of the pressure within our own economy is at grass roots level. With the banks not lending, businesses are finding it more challenging to keep cash-flow at levels that can be managed easily. It as at this stage that companies often consider liquidation as they are unable to continue to trade. To find out more about liquidation or in this case more specifically, a creditors' voluntary liquidation visit www.companydebt.com or give us a call on 08000 746 757.
