Forum Post: Japan’s Shocking Keynesian Slip: “We Are Worse Than Greece”
Posted 13 years ago on March 13, 2012, 10:12 p.m. EST by Scout
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n a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo’s worst nightmare “Japan is fiscally worse than Greece“. Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan’s 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%.
http://investmentwatchblog.com/japans-shocking-keynesian-slip-we-are-worse-than-greece/#.T1_-rXk2Z-w
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