politics

Lower house passes Y90.33 tril budget despite opposition protests

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government to issue new bonds worth 44.2 trillion yen for the year beginning on April 1

50% borrowings? yeah but not enough, it will go further up with extra budgets every quarter of the year. Sky is the limit(?)

1 ( +1 / -0 )

Japan should declare bankruptcy and have China bail them out. It would be a good sign of brotherhood.

-3 ( +1 / -4 )

People demand more than they pay in tax. Democracy leads Japan to fall.

-2 ( +1 / -3 )

Debt repayments will take up more than half of tax revenue next year. How much longer can this go on?

3 ( +3 / -0 )

the government to issue new bonds worth 44.2 trillion yen for the year beginning on April 1

Perhaps not the best investment.

1 ( +1 / -0 )

Have said it before in other threads, if Japan cannot pay off its dept, keeps borrowing and does not have the infrastructure to pay off its interest and loans, it will eventually end up like Greece and the economy will grind to a halt. The only way the government can generate cash flow is through issuing bonds and by raising taxes. Government employees have already been forced to take a 7% pay cut, but what about the fat wages and superannuation payouts of politicians?

0 ( +2 / -2 )

Asian debt crisis on the horizon

0 ( +1 / -1 )

What a perfect storm, high debt, low tax base, inefficient Governance at all levels, natural and man made disasters, no clear plan for the future, aging population. Inefficient private enterprise, fraudulent and tactidely encouragement for business practices that result in theft for the benefit of a few. Politicians who consider it normal to have ¥400 million yen cash just around. I am sure more can be added. Top of the slide down, not a pretty ride.

0 ( +2 / -2 )

Pretty soon we will see some guys come knocking on our doors...and we will say, "But I don't have a TV!", but they will say, "No. I'm not from NHK. I'm the TAXMAN."

0 ( +0 / -0 )

way to go keep printing money. we'll see how long u last.

-2 ( +0 / -2 )

Government employees have already been forced to take a 7% pay cut, but what about the fat wages and superannuation payouts of politicians?

I doubt that bill comes to 44 trillion yen a year. I have no objection to them also taking a hit, but it would simply be a symbolic gesture. Taxes have to rise and spending, including social spending, will have to be cut.

0 ( +0 / -0 )

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