Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Japan risks slow slide toward debt-funding strains: Fitch

Business Nov. 25, 2011 - 06:18AM JST ( 8 )

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8 Comments

1

globalwatcherNov. 25, 2011 - 09:13AM JST

Unfortunately, Japan cannot hear anyone and they are still in denial.. Hopefully, 10% consumption tax hike was already passed.
This is very serous, Japan. If nothing is done, Japan is heading to the next Greece.
You guys need to do something PRONTO!!
1

ScroteNov. 25, 2011 - 12:12PM JST

Nothing will be done; any increase in taxes will be more than matched by increases in spending.

Look at the figures and it's clear that Japan has no chance of repaying its debts: a falling population, falling salaries and increasing numbers of elderly and unemployed will see to that.

Who loses when the government eventually defaults and introduces the New Yen? Anyone with savings, pensions held with insurers and banks etc. Make sure it's not you.
1

some14someNov. 25, 2011 - 12:14PM JST

This is very serous, Japan. If nothing is done, Japan is heading to the next Greece. You guys need to do something PRONTO!!

i have already fulfilled my duty and said Japan is Asia's Greece but still not in Headline News !
0

globalwatcherNov. 25, 2011 - 12:45PM JST

Who loses when the government eventually defaults and introduces the New Yen? Anyone with savings, pensions held with insurers and banks etc. Make sure it's not you.

Exactly, scrote. I think that is their plan.
0

globalwatcherNov. 25, 2011 - 12:51PM JST

some14some, as I mentioned above, they do not want you to know to get a panic. So they are keeping it very quiet. When they do this, they will do this without giving us any warning in advance. FYI
-1

herefornowNov. 25, 2011 - 02:38PM JST

“The government’s ability to rely on household savings as a cheap source of funding will diminish,” the agency said.

No news here. Posters have been saying this for years here on JT but the Japanophiles keep saying we're crazy. Shame that this issue isn't more of a focus of Japanese politics. The U.S. debt reduction talks may have ended in failure, but at least they focused attention on the issue. Japan needs to do the same, rather than have some silly made-for-TV hearings headed by Renho to try to make the public believe the issue is being taken seriously. All the while issuing more bonds to cover the re-building.
-1

Elbuda MexicanoNov. 25, 2011 - 10:06PM JST

Japan can not afford to be a joke like Greece, Portugal, etc..Japan is way way too big a country and it must turn this situation around ASAP! The USA will not allow Japan to go down the drain and hence dragging the USA down the drain with it.
0

globalwatcherNov. 26, 2011 - 05:19AM JST

Japan is way way too big a country and it must turn this situation around ASAP!

You've got it, Mexicano. Japan is the 3rd largest economy in the world. With US and Japan combined, we are 1/3 of world GDP. The stakes are too high!