| 10.03.2010 Opalesque Exclusive: Japan's rising debt and falling consumption worrying but debt crisis remote possibility |
| From Sagar Chakraverty, Opalesque Asia: In the land of the rising sun, now debts are rising faster. Japan’s debt has assumed a humongous size, 1000tln yen ($11.25tln), which is more than twice its GDP ($5.1tln, 2009). “As Japan has already reached a debt level of 200% of GDP, this has caused a downgrading of Japanese Government Bonds (JGB) by some of the rating agencies,” Masahiro Koshiba, |
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