Japan: the public debt

2004-01-26 Thread Eubulides
The Japan Times: Jan. 27, 2004 EDITORIAL Defuse the debt bomb Japan's public debt continues to swell ominously, yet there is no reassuring long-term scenario for deficit reduction. The government's latest medium-term outlook for economic and fiscal reform amounts to a tacit admission that the

Re: Japan: the public debt

2004-01-26 Thread Michael Perelman
Japan could exchange its debt for its holdings of US securities. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu