Japan at risk of 'collapse' under debt pile

[WTFH]

I need to provide an update... Yesterday I stopped in the hotel cake shop to get a "Danish pastry", the price was Y450. Today, same shop, Y225. OK, so 5 minutes before closing, but a 50% deflation in one day shows that the economy is going down the pan.

[NickFitz]

This week, on From Our Own Correspondent:

Funny enough, when you walk the streets of Osaka, the reality doesn't appear to match the media.


Shops are busy. People are buying. Restaurants are full. No one has told the Japanese people that they are not spending money or that they are all depressed about it.

[milanbenes]

Six years ago if you check the date of the OP... (c:

dude, you check the date with the op, I know from memory this was discussed on here ten years ago

Milan.

[SimonMac]

Is this like Suity's "imminent" WWIII?

[Bacchus]

is this an episode of back to the future

I am sure you lot were discussing Japan's imminent crash and the collapse of the CH Carry Trade ten years ago

Milan.

Six years ago if you check the date of the OP... (c:

[WTFH]

Funny enough, when you walk the streets of Osaka, the reality doesn't appear to match the media.


Shops are busy. People are buying. Restaurants are full. No one has told the Japanese people that they are not spending money or that they are all depressed about it.

[FatLazyContractor]

Can manga porn help?

[milanbenes]

is this an episode of back to the future

I am sure you lot were discussing Japan's imminent crash and the collapse of the CH Carry Trade ten years ago

Milan.

[BrilloPad]

And now they are trying to inflate the debt away :-

Can anything rescue Japan from the abyss?

They have a falling population. The economy will contract. They need to MTFU.

[Sysman]

You can't help but think this was the future that New Labour were
fliting with for the UK...

BBC News - Japan PM Naoto Kan warns of 'collapse' under debt pile

There seems increasing risks of a double dip ...

But

Unlike Greece or Spain, Japan is a net lender to the rest of the world, to the tune of 2.5% of its GDP last year.

Cheap borrowing
The Japanese government is effectively the only borrower in Japan, and raises all of the money it needs from the savings of its own citizens.

Some 95% of the government's debts are held by Japanese investors, and the government can currently borrow for 30 years at a mere 2% interest rate.

[OwlHoot]

You can't help but think this was the future that New Labour were
fliting with for the UK...

BBC News - Japan PM Naoto Kan warns of 'collapse' under debt pile

There seems increasing risks of a double dip ...

The Japs' problem is that they hoard their money like misers, whereas most of us blow the lot (and more) like drunken sailors on shore leave.

Strange that the outcome is much the same though.

[Green Mango]

You can't help but think this was the future that New Labour were
fliting with for the UK...

BBC News - Japan PM Naoto Kan warns of 'collapse' under debt pile

There seems increasing risks of a double dip ...