tag:blogger.com,1999:blog-85788899592227267.post7134463809268892121..comments2023-10-28T21:07:44.158+09:00Comments on Nuclear Free by 2045?: Abe's Debt BombUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-85788899592227267.post-71504341896878061582013-11-28T17:22:18.067+09:002013-11-28T17:22:18.067+09:00Japan's sovereign debt crisis:
The accumulated...Japan's sovereign debt crisis:<br />The accumulated sovereign debt problem can be solved if sustainable growth of 4 - 5% is achieved in the next two decades. But this argument lacks practicality with a view to declining and aging population dynamics. Other probable solution is to cause mild inflation of 3-4% serving to devalue the debts. The government is currently trying to achieve 2%. However, this could be achieved only at the expense of the people. If interest rates go up to 2 - 3%, Japan will not able to pay off principal and eventually be forced to be in defalut. <br />The question is: great majority of the people do not aware of the looming financial crisis. To make the situation worse, the government cautiously conceals to tell the truth to the people about the critical financial standing of Japan. Unfortunately this culture has been developed in the Meiji era and is vigorously maintained among the elites - vested interests. If we can do something, it is to voice our opinion whenever possible. Yuichi Sagawa Anonymousnoreply@blogger.com