Japan economy at risk of ‘bankruptcy’

Posted on April 11, 2010. Filed under: Everything Else | Tags: |

Sun, 11 Apr 2010 16:59:01 GMT
Font size :
Japanese yen notes are piled atop US dollar bills in a Tokyo market.

Analysts have warned that Japan may go bankrupt next year with a public debt figure larger than that of any other industrialized nation.

Dai-ichi Life Research Institute cautions about surging public dept of Japan, estimating that it will hit 950 trillion yen next year. That is 200 percent of the country’s GDP.

Experts say that Japan cannot avoid bankruptcy unless it issues more government bonds.

Japan has the world’s second-largest economy by nominal GDP and the third largest in purchasing power parity.

Deflation, high public debt and weak domestic demand have had a drastic impact on Tokyo’s finances. The Japanese economy shrank 5.2 percent last year.


BACK to margotbworldnews.com


Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: