Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: orkrious who wrote (45551)	4/1/2002 9:17:21 PM
From: Smart_Money	Read Replies (1) of 99280

That is one site worth paying for. The information is well laid out and seems to be straight forward. This comment show the difficulties they are facing. Deficit spending saddled Japan with 666 trillion yen in debt ($5 trillion), the largest sovereign debt in human history. The number increases to 814 trillion yen ($6.1 trillion) once off sheet bond sales to the "liberalized" pension and postal funds are included. Interest payments alone on that debt now consume 35 percent of total budgetary outlays, making stimulatory tax cuts an impossibility.

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