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News Link • Economy - International

New Japan Prime Minister Warns Country May Default

"Our country's outstanding public debt is huge. Our public finances have become the worst of any developed country. We cannot sustain public finance that overly relies on issuing bonds. As we can see from the eurozone confusion that started in Greece, there is a risk of default if growing public debt is neglected and trust lost in the bond market."

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Sure you can, it's the American way.  Just keep spending. Just keep issuing bonds. You can tax the few people working to pay them off.  Forever. 


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