Astroboy
先輩
- 5 Dec 2007
- 1,264
- 25
- 58
Japan offers $60bn to boost IMF firepower (not firework)
1. It is said that Japan's debt (government debt) surpassed 200% of its GDP.
2. Both Int'l media and Japanese media contiues to tell "Japan's debt level is far worse than Greek and Spain."
3. Int'l rating firms also continued to threathen Japan "We will downgrade grade of soverign bond of J-government unless Japan raise tax!"
However, such a reportedly debt-laden governement of Japan generously offer money to IMF, while other countries are reluctant.
Case of Japan is a good example to understand macro-economics as it's a paradox of conventional economics being popular among West.
Japan offers $60bn to boost IMF firepower - FT.comJapan is to provide $60bn to the International Monetary Fund's effort to expand its resources, pledging to lead the global effort to prevent the sovereign debt crisis in Europe from weighing on economies around the world.
1. It is said that Japan's debt (government debt) surpassed 200% of its GDP.
2. Both Int'l media and Japanese media contiues to tell "Japan's debt level is far worse than Greek and Spain."
3. Int'l rating firms also continued to threathen Japan "We will downgrade grade of soverign bond of J-government unless Japan raise tax!"
However, such a reportedly debt-laden governement of Japan generously offer money to IMF, while other countries are reluctant.
Case of Japan is a good example to understand macro-economics as it's a paradox of conventional economics being popular among West.