The post Will Japan Topple First? appeared first on Monty Pelerin's World.
Simon Black discusses Japan’s problems: 46% of the Japanese government’s budget is financed by debt. Most of this is mopped up by the central bank. Yet as the government’s debt level already exceeds 200% of GDP, the gross interest payments alone eat up more than 50% of tax revenue. Japan has no hope of getting […]
The post Will Japan Topple First? appeared first on Monty Pelerin's World.