Quote:
Originally Posted by fluffy0000
SOURCE: 2008 CIA WORLD FACTBOOK Japan's huge government debt, which totals 182% of GDP, and the aging of the population are two major long-run problems. Some fear that a rise in taxes could endanger the current economic recovery. Debate also continues on the role of and effects of reform in restructuring the economy, particularly with respect to increasing income disparities and the 2007-17 privatization of Japan Post, which has functioned not only as the national postal delivery system but also, through its banking and insurance facilities, as Japan's largest financial institution.
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That's really nice but it does in no way support your simplistic argument of "japan shouldn't be manufacturing cars and tvs that nobody wants" which leads to the current economic crisis? I fail to see how government debt could have caused a world credit crisis, global collapse in demand, and insane appreciation of the yen?