Alo Japanhttps://www.alojapan.com/1278454/japan-fiscal-crisis-japan-the-u-s-s-biggest-creditor-faces-a-greece-like-fiscal-crisis-as-borrowing-costs-hit-a-20-year-high-heres-how-it-ended-up-there/ Japan fiscal crisis: Japan, the U.S.’s biggest creditor, faces a Greece-like fiscal crisis as borrowing costs hit a 20-year high; here’s how it ended up there #BorrowingCosts #DebtBurden #FiscalCrisis #GreeceCrisis #Japan #JapanEconomy #JapanNews #news As Japan’s economy shrinks and its debt mountain rises, Prime Minister Shigeru Ishiba issued a harsh warning this week, “Our country’s fiscal situation is undoubtedly extremely poor…
Japan fiscal crisis: Japan, the U.S.'s biggest creditor, faces a Greece-like fiscal crisis as borrowing costs hit a 20-year high; here's how it ended up there
As Japan's economy shrinks and its debt mountain rises, Prime Minister Shigeru Ishiba issued a harsh warning this week, “Our country’s fiscal situation is undoubtedly extremely poor,” adding, “worse than Greece’s,” quoted Fortune.Japan's Debt Mountain Grows LargerJapan's outstanding debt is more than the size of its gross domestic product by about 2.5 times, Fortune reported. Experts have pointed out that, 'The lower the denominator—in this case the economy—the greater the ratio and the less sustainable a nation’s debt burden becomes,' according to the report.Japan's Economic Slowdown and Rising Borrowing CostsInvestors have also warned of a recession as Japan's GDP shrank
Yonhap Infomax News
Michael A. Gayed, CFA
Poetry News