Japan offers advice to Latvia on tackling financial crisis

Friday 23rd January, 11:59 PM JST

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HeathenCabin at 01:49 PM JST - 24th January

Nakagawa told Godmanis that there are differences in the situations faced by Japan and Latvia, saying the Japanese government’s heavy debts are mostly owned by domestic investors

Japan is full of these idiots, that think they can offer advice on the "financial crisis." In reality it could not be further from the truth, never take any Japanese advice on anything financial from the Japanese government. The whole lot are stupid. Now if you read Bloomberg news you would know that for a week Japanese Bonds are declining(people are not buying) while the load increases! The government is spending money it does not have, or for the matter never had as government does not have wealth or money it just takes/steals it from the people and businesses that produce this wealth/capital. The government will burden the Japanese citizens, ruining the economy and the value of anyone who saves(already did that with low interest rates). These people are not in reality anymore, conjuring magic monies/debts(debts that lead to inflation/default!) to pay for all the failed government programs that hold down the economy. Some day the government will try to outright steal the savings of the people who saved even though they are already doing it and have been doing it for years!

Nakagawa in brief has no advice, is off his rocker on what he suggests, and is not in reality or the real world. His advice is WRONG.
some14some at 02:31 PM JST - 24th January

Nakagawa could have simplified by asking Latvia to approach IMF as Japan is one of the creditors, supplying trillions of Yen.
samsarks at 02:33 PM JST - 24th January

advice my foot.has he solved his numerous finanial problems facing japan?acting as if they know better but just empty barrels
HeathenCabin at 03:04 PM JST - 24th January

Supplying trillions of yen that Japans Government does not have. I pointed this out just not outright above your comment some14some.
some14some at 11:33 PM JST - 25th January

Supplying trillions of yen that Japans Government does not have. I pointed this out just not outright above your comment some14some.

I know, but govt/media still claims to have Y1,500 tri in 'savings/assets' how/why? that is what i dont know. But reports say the world assets have depreciated by 40-50%. in the year 2008.