All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (10411)	2/17/2000 11:29:00 AM
From: fut_trade	Read Replies (2) of 42523

Japan has gone deeply into debt in the past two years to finance public-works projects and other programs to bring the country out of its worst recession since World War II. This year, Japan's government debt outstanding will surpass that of the U.S., an economy twice the size of Japan. The Ministry of Finance estimates that the total debt of the central government and local governments will reach 645 trillion yen by March 31, 2001, making Japan the most-indebted nation relative to its size among the leading industrialized countries. "There's a rapid buildup of debt needed to maintain a reasonable level of economic activity," said Vincent Truglia, managing director of sovereign risk at Moody's. "What we're concerned about is when the country can return to sustainable growth absent fiscal stimulus." interactive.wsj.com

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