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Tsunami of debt: Japan faces costs of credit

February 23, 2012 13:01

While the world’s attention has been focused on the eurozone debt crisis, Japan’s borrowing has hit a record high of 235% of the country’s GDP. The prospect of going down credit rating ladders as its debt costs increase is hanging over the country.

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Comments (6) Sort by: Highest rating Oldest first Newest first

Karen 16.03.2012 11:15

911twoofer wrote in #1
The Almighty could have adjusted the tectonic plates gently but the Japanese are spending too much time and concentration on video games instead of spiritual matters. For example,the creators of Super Mario if they had spent all that super brain and energy on the spiritual&n bsp;path, the world could have had at least two spare masters on top of the 313 required to keep the balance. The Chinese need to draw their USD reserves and use them to foster spiritual progress within their country, or they might also end up with a heavy yin and yang blow in their headlong rush for the material.

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danielmclion 11.03.2012 07:16

I find it weard to read such comments. I have no special love for Japan, but I have clearly a lot of empathy. Not only the 20.000 direct victims of last year, not only x-thousands of people who lost everything, but the future aftermathis something we should consider as a real sad thing.

+1

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Vlada (unregistered) 24.02.2012 00:04

In good old times Japan would start a war (small war, medium sized, or, a large one) and so activate economy by directing it into military industries, and in terms of 3-5 years Japan would emerge as a healthy economy with  bright prospects regardless of who had won the war. 

Democracy is not good for economy on the long run, as it pushes the country into unrepairable debt. 

+1

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cocohead 23.02.2012 21:43

Even before tsunami hit, the economy was downhill. Now, even worse. And Japan is suffering with all these bad politicians same as a lot of other countries in the world, too.

But I am hoping that for Japan to get over the problem.
If Japanese country, corporate and groups and people move towards  recovery, recovery in economy and environment aspect, by concentrating developing NEW ENERGY source and technology to get rid of nuclear pollutions.
Let's face it, Japan is in the position to be excel at those matters, because these are desperately necessary in Japan now.

+2

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What 23.02.2012 19:56

Allah? Orthodox God? Jesus?&nbs p; Japanese don't want to hear that nonsense/

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911twoofer 23.02.2012 14:12

The Almighty could have adjusted the tectonic plates gently but the Japanese are spending too much time and concentration on video games instead of spiritual matters. For example,the creators of Super Mario if they had spent all that super brain and energy on the spiritual&n bsp;path, the world could have had at least two spare masters on top of the 313 required to keep the balance. The Chinese need to draw their USD reserves and use them to foster spiritual progress within their country, or they might also end up with a heavy yin and yang blow in their headlong rush for the material.

0

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