Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Nikkei down 1.78% as Asian stocks sharply lower over Greece fears

Business Oct. 03, 2011 - 04:00PM JST ( 9 )

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Asian markets slumped on Monday after Greece said it would miss its deficit target this year

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9 Comments

0

kurisupisuOct. 03, 2011 - 07:17PM JST

Keep hold of your yen or /and vonvert a percentage to gold !

The worst is yet to come!
0

SerranoOct. 03, 2011 - 08:08PM JST

How did Greece ever get into such a sorry financial situation?
Did socialists have anything to do with it?
-1

some14someOct. 03, 2011 - 10:26PM JST

The worst is yet to come!

except for Japan.
0

globalwatcherOct. 04, 2011 - 12:18AM JST

Watch for the middle of October! Set up a strategy accordingly.
0

globalwatcherOct. 04, 2011 - 01:32AM JST

some14someOct. 03, 2011 - 10:26PM JST

The worst is yet to come!

except for Japan.

some14some, You are kidding, right?
Japan needs to fix the sovereign debt, otherwise, Japan will be a next Greece. The problem is very, very serious. I hope you are just kidding.
0

WeaselOct. 04, 2011 - 01:47AM JST

Another scam by investment bankers to scare people into making poor choices. Money simply gets shifted from one country's economy to gamble into another. Classic shell game.
0

oberstOct. 04, 2011 - 01:56AM JST

How did Greece ever get into such a sorry financial situation? ........................................

the citizens there turned tax avoidance into a fine art. Like it or not , money has to come from somewhere to fund the government......................
0

globalwatcherOct. 04, 2011 - 02:47AM JST

How did Greece ever get into such a sorry financial situation?

Unlike other EU countries with a banking system failure, a problem of Greece started from public sector.

It is a total collapse of morale value. Greece's competitiveness in global market always has been very weak while the government has spending big with no-stops.

Today, EU is conducting another meeting to solve the debt crisis of Greece, so far, I have not heard anything positive.

I believe Greece has to deal with two issues listed below before other EU countries are willing to bail them out.

1)Greece has to cut its budget deficit by 8.5% or more, but they failed.

Greece also said Sunday that its budget deficit should drop to 8.5% of GDP in 2011 from 10.5% last year, short of a 7.4% target initially fixed in June.

2)They have not cut public employees of 30,000 or more yet.

Japan needs to learn from their mistake, there are many non performing bureaucrats with excess benefits and non stop overtime pay. In addition to this, there are too many non performing politicians at all levels. Let's cut all these areas, otherwise as I have stated above, Japan will be a next Greece. It is not a matter of "IF", it is a matter of "WHEN".
0

Jeffrey DuelleyOct. 04, 2011 - 08:08AM JST

Japan will be the next Greece. What a load of crock. Japan's debt to GDP ratio, although higher than Greece, is 95% owned by Japanese citizens, who own 55% of the world's savings, while the Japanese government has over 700 trillion yen in assets. America, with up to $200 trillion in unfunded social programs, no manufacturing, no savings, and a government that is rotten to the core and extremely malicious to its citizens is Greece many times over.

Why is it the people who bash Japan try to make Nihon look like a failed state like virtually the entire Western world?