Risk Of Japan Going Bankrupt Is Real, Say Analysts -- AFP TOKYO — Greece's debt problems may currently be in the spotlight but Japan is walking its own financial tightrope, analysts say, with a public debt mountain bigger than that of any other industrialised nation.
Public debt is expected to hit 200 percent of GDP in the next year as the government tries to spend its way out of the economic doldrums despite plummeting tax revenues and soaring welfare costs for its ageing population.
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My Comment: Everyone's focus is on Greece .... but it appears that there is an 800 lb gorilla in the room that everyone is trying their best to ignore. Japan experiencing a financial crisis will impact everyone and everything .... and I mean everyone AND everything.
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