Sunday, April 11, 2010

Is Japan Going Bankrupt?

Forget Greece; it's Japan that we should be taking a closer look at. Some analysts believe that Japan may go bankrupt fairly soon. After all, it is expected that their public debt will reach 200% of Gross Domestic Product within a year, which amount to about 7.5 million yen per person. Look for the issuance of more Japanese government bonds, and higher interest rates.

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