3 ms·
That level of debt, even when most of it is internal, can't be maintained when Japan is on edge of demographic catastrophe. Whats worse - recent attempts at red
by ucho 12y ago
That level of debt, even when most of it is internal, can't be maintained when Japan is on edge of demographic catastrophe. Whats worse - recent attempts at reducing budget deficit by raising VAT ended up with recession: http://en.wikipedia.org/wiki/Abenomics http://en.wikipedia.org/wiki/Abenomics .
edit: A bit longer article: http://www.businessinsider.com/japan-economy-disaster-2013-5 http://www.businessinsider.com/japan-economy-disaster-2013-5 - it might be a bit old but nothing really changed.
- tonyedgecombe 12y agoI'm not sure I'd call the demographic changes a catastrophe, that seems a little dramatic. The VAT changes weren't very well handled, if you know the sales tax is going up substantially then you will bring forward any planned purchases. What Japan really needs to do is modernise the workplace especially in terms of gender equality but also just moving away from so much paper.