Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Fitch warns Japan credit rating at risk from debt

Business Apr. 23, 2010 - 04:50AM JST ( 6 )

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6 Comments

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some14someApr. 23, 2010 - 07:04AM JST

Japan's Credit Rating may go further DOWN, so what?
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theproApr. 23, 2010 - 11:51AM JST

Get your act together, Japan. That debt is insane.
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manfromamericaApr. 23, 2010 - 12:35PM JST

But his government will issue a record 44 trillion yen in bonds to fund a budget for the current fiscal year starting in April, raising fresh concern over Japan’s already tattered finances.

That will do it.
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rajakumarApr. 23, 2010 - 10:12PM JST

Public debt now at 200 percent of 2009 GDP,that may be around USD 9 trillion around there.

Private debt failures,in USA have become public debt,which US citizens will keep paying for decades. USA have plenty of land and other resources to pay their public debt. Japan resources are its technology and its people at all N225 companies.

Japan has to get rid of debts,by making projects/new idea actions to cut debts. Reduce the debt annually by encouraging more reductions in govt spending and implementing other new idea action for public expenses cost reduction .

Reduce all wastage in government and use more domestic products in consumption to boost domestic savings. The govt must get its act together.

This high public debt,is not good for N225 companies and Japan. The next generations will keep paying for this,if present generations do not solve these woes.

It is same situation as in USA,where public debt is now 80 percent of GDP. China,Russia and many other nations in better control of Public debt.

There should be discipline in society,to fight these problems of rising public debts in many nations,where government finance leaders keep changing. The problems have to solved by Hatoyama,the best way possible.
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fondofjApr. 24, 2010 - 03:41AM JST

According to CIA Data Japan ranks #2 just after Zimbabwe considering the debt amount percentage of GDP. The following blog maybe exaggerated the real situation of Japan's economy lifting 'poor' Japan to no. 1 position.

http://www.nuwireinvestor.com/blogs/investorcentric/2009/03/most-indebted-countries-by-percentage.html
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jruaustraliaApr. 26, 2010 - 10:16AM JST

Public debt now at 200 percent of 2009 GDP

140% when Kouizumi was still in power. I doubt Japan will be anything like Argentina-- worst case scenario-- but I'm more worried about the country suffering the same fate as JAL.

GOJ should start loosening its liabilities. (Like soon!)