"Japan is in deep serious trouble the moment it enters a sustainable period of negative or neutral current account balances. If Japan becomes dependent on foreigners to finance rollovers on its debt either the Yen sinks or interest rates rise. Interest rates at a mere 3% would currently consume all of Japan's tax revenue.
Japan’s Fiscal Pressure Intensifies
Bloomberg reports Japan’s Fiscal Pressure Intensifies as Tax-Boost Plan Insufficient
Japan’s Fiscal Pressure Intensifies
Bloomberg reports Japan’s Fiscal Pressure Intensifies as Tax-Boost Plan Insufficient
Japan’s government said it will probably miss its goal of balancing the budget by 2020 even with its proposed doubling of the sales tax, underscoring the scale of the nation’s fiscal challenges..."at http://globaleconomicanalysis.blogspot.com/2012/01/japan-faces-moment-of-truth-first-trade.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
