Fitch downgraded Japan’s credit rating by 2 notches to A+ with a negative outlook, citing the Japanese government’s ineffectiveness in reducing the public debt burden.
Japan's debt has jumped by 61 percentage points of GDP since 2008, compared to eight points for the AAA bloc.
"Japan's addiction to public sector spending is way beyond the boundaries or remedial `austerity'," said Dylan Grice from Societe Generale. "Political pressure on the Bank of Japan to crank the printing presses into top gear will become irresistible. We see no alternative."
This of course gives the lie to it being a carefully-managed slowdown. Seems there is real trouble there.
I still think the Japanes care a lot less about nominal GDP growth than the west, and I reckon most Japanese are cool with population decline.
The percentage of their debt that is external will also be very important. If, as I suspect, they are a nett external creditor, they will still have quite a lot of options. The west will not like most of them, however...
They are extremely vulnerable to something like an oil shock, though.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
This of course gives the lie to it being a carefully-managed slowdown. Seems there is real trouble there.
I still think the Japanes care a lot less about nominal GDP growth than the west, and I reckon most Japanese are cool with population decline.
The percentage of their debt that is external will also be very important. If, as I suspect, they are a nett external creditor, they will still have quite a lot of options. The west will not like most of them, however...
They are extremely vulnerable to something like an oil shock, though.
Japan has only had to start borrowing externally in the last year or so, they are the worlds best savers, the Japanese house wife is has the worlds largest savings - no shit, trillions.
Having said that this is also the reason why the Japanese are in such debt, to their wives.....quite funny really.
Fitch downgraded Japan’s credit rating by 2 notches to A+ with a negative outlook, citing the Japanese government’s ineffectiveness in reducing the public debt burden.
Japan's debt has jumped by 61 percentage points of GDP since 2008, compared to eight points for the AAA bloc.
"Japan's addiction to public sector spending is way beyond the boundaries or remedial `austerity'," said Dylan Grice from Societe Generale. "Political pressure on the Bank of Japan to crank the printing presses into top gear will become irresistible. We see no alternative."
An APAC-based organisation moved from Japan to Brisbane because they could rent their entire required office space (about 250sqm at least) in Brisbane for less than it cost them to house a rack of equipment in Tokyo. (That's about 2.5sqm).
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
I feel very sorry for you audas. You clearly regard yourself as highly intelligent, and that gives you an exaggerated sense of entitlement. It must really annoy you that people you consider to be far less deserving than you have done well in life, quite likely in property, but here you are just another wannabe with little to show for the education that you have probably worked very hard for.
Audus suffers from the Dunning–Kruger effect, "a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes."
I'm here to acquire knowledge moops, and clearly you have none to impart.
Please don't waste your time or mine with these nonsense posts.
You also have a bull agenda. I am here to fuck it up.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Audus suffers from the Dunning–Kruger effect, "a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes."
That would be property "investors" to a T. They think they're king shit for having luck and for lobbying the government and other institutions.
At least Audas has a degree or two and has a clue about doing stuff other than stealing unlike yourself and your bull soggy sao mates.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
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