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Moody's: Japan political stalemate a concern for debt outlook

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TOKYO, Oct 12 (Reuters) - The stand-off between Japan'sgovernment and opposition parties is a concern as it has stalledimportant legislation needed to fund government spending, ratingagency Moody's Investors Service said on Friday.

Japan's politicians still have some time to bring down debtas government bond yields are likely to remain low and thecurrent account balance is likely to remain in surplus for thetime being, Moody's senior vice president and regional creditofficer Tom Byrne told reporters.

Moody's rates Japan at Aa3, three notches below the top AAArating, with outlook at stable.

(Reporting by Stanley White; Editing by John Mair)

((stanley.white@thomsonreuters.com)(+81 3 6441 1984)(ReutersMessaging: stanley.white.reuters.com@reuters.net))

Keywords: IMF MOODYS/STALEMATE

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