Monday, April 12, 2010

AFP: Risk of Japan going bankrupt is real, say analysts

AFP: Risk of Japan going bankrupt is real, say analysts: "Public debt is expected to hit 200 percent of GDP in the next year as the government tries to spend its way out of the economic doldrums despite plummeting tax revenues and soaring welfare costs for its ageing population."
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The USA had better get busy or Japan will beat us to the bottom of the barrel.