Moody's takes a closer look at Japan

Moody's Investors Service says that it will closely monitor the implications of the policies of the Democratic Party of Japan (DPJ) -- after its win in Sunday's election over the Liberal Democratic Party (LDP) -- for Japanese issuers, from corporates to financials to regional governments."At this early stage, we have only the DPJ's party platform to indicate any possible near-, medium-, or long-term credit impact by category of debt, so Moody's position is essentially one of wait-and-…