Japan Sees Its Public Debt Exceeding A Quadrillion Yen Next Year
Posted by WARREN MOSLER on January 26th, 2012
THEN they’ll be the next Greece…
Japan Sees Its Public Debt Exceeding A Quadrillion Yen Next Year
Jan 26 (Bloomberg) — Japan’s Finance Ministry said the country’s public debt will probably exceed a quadrillion yen for the first time next year, adding pressure on Prime Minister Yoshihiko Noda to raise taxes to restore the nation’s finances.
January 26th, 2012 at 9:09 am
I assume you’re being facetious.
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WARREN MOSLER Reply:
January 26th, 2012 at 11:05 am
borderline sarcastic, actually, sorry.
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January 26th, 2012 at 11:38 am
Happy to see the dreaded “quadrillion” enter our financial lexicon. What are we going to do when we run out of zeros?
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MamMoTh Reply:
January 26th, 2012 at 11:42 am
@pebird, buy them cheaply from China.
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John O'Connell Reply:
January 26th, 2012 at 12:27 pm
@pebird,
I can create some for you, for free. On my computer.
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January 26th, 2012 at 1:54 pm
Good post by Jim Luke, working on notes for a lecture:
http://econproph.com/2012/01/25/does-anybody-understand-debt
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