Japan's Debt CrisisSubmitted by laozi on Fri, 08/07/2009 - 13:31
Japan's Future Scary?
Japan is has the third highest public debt to GDP ratio in the world. Only the very economically sound countries of Lebanon and Zimbabwe have higher ratios of public debt to GDP. This debt is causing economic woes in Japan now and well cause more problems in the future if the government debt is not brought down. Japan has basically been in economic stagnation for almost two decades now.
America should learn from Japan and not take the same path.
Read and watch here: