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Asia-Pacific Sovereign Mid-Year Outlook

Sunday, 15 Aug 2010 | 8:35 PM ET

Thomas Byrne, SVP Asia-Middle East Sovereign at Moody's Sovereign Risk Group, says if Japan's Ministry of Finance does take action to reduce the country's budget deficit it could weigh on the country's credit rating. He speaks with Mikio Kumada of LGT Capital Management and CNBC's Martin Soong and Sri Jegarajah.