2. Japan
Japan The second largest economy, Japan, trails the United States with approximately $8 trillion owed in national debt, a figure that tests the world’s financial systems. The Japanese economy went through its own housing bubble in the early 1990’s, closely followed by an economic meltdown of immense proportions. Figures reveal that Japan’s national debt has been increasing rapidly since 1993 to more than 170% of GDP, which is on occasion the world’s largest national debt depending on exchange rate. Japan adds over $700 billion annually to the total of over US$8 trillion in national debt with most of it financed domestically. Even so, the Japanese government is severely crippled with the burden of national debt.
Japan faces tough competition from the rising eastern economies of China and India. In order to stimulate growth in their own economy Japan have lowered their interest rate in attempt to encourage consumer spending and kick-start the economy. However, figures just released show a slowdown in consumer spending and an up-tick in the numbers of unemployed, which combined with a burgeoning aging population is a source of concern going forward.
2007-07-15 05:08:59
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answer #1
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answered by Menehune 7
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At the end of 2006, the debt including National bond is about 832,263,100 M yen (abt US$6,800,000 M).
However, no debt agaist the world.
Japan is the most credit nation in the world. Lending about 500,000,000 M yen (US$ 4,100,000 M) to the world.
2007-07-15 12:29:36
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answer #2
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answered by Joriental 6
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Look this Japanese site!!
Japan's National Debt is increasing!
Japan has a lot of Deficit-covering debt.
ä¸ï¼ten thousand
åï¼100 million
å
ï¼One trillion
2007-07-15 13:53:17
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answer #3
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answered by Anonymous
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Its $6.9 trillion
2007-07-15 12:18:14
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answer #4
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answered by shanekeavy 5
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