Risk of Japan going bankrupt is real, say analysts

(AFP) — Greece’s debt problems may currently be in the spotlight but Japan is walking its own financial tightrope, analysts say, with a public debt mountain bigger than that of any other industrialised nation.

Public debt is expected to hit 200 percent of GDP in the next year as the government tries to spend its way out of the economic doldrums despite plummeting tax revenues and soaring welfare costs for its aging population.

via Risk of Japan going bankrupt is real, say analysts.

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