Japan economy at risk of ‘bankruptcy’

by TheTotalCollapse.com on April 15, 2010

Analysts have warned that Japan may go bankrupt next year with a public debt figure larger than that of any other industrialized nation.

Dai-ichi Life Research Institute cautions about surging public dept of Japan, estimating that it will hit 950 trillion yen next year. That is 200 percent of the country’s GDP.

Experts say that Japan cannot avoid bankruptcy unless it issues more government bonds.

Read the full article.

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