On June 30th of 2013, Japan Debt reached Yen 1.000 trillion (around USD $ 10,46 trillion).
This impressive value is now larger than the economies of Germany, France and the U.K. combined.
Analysts are apprehensive with current Japan trend and are expected new taxes from Japan government to balance Japan deficit.
To understand how serious is this 200% value (public debt as % of GDP of Japan) compare it with south of Europe countries and Ireland which are under great pressure from IMF and rating agencies:
. Greece – 158% (2012)
. Italy – 126% (2012)
. Ireland – 118% (2012)
. Portugal – 115% (2012)
. Spain – 85% (2012)
This impressive value is now larger than the economies of Germany, France and the U.K. combined.
Analysts are apprehensive with current Japan trend and are expected new taxes from Japan government to balance Japan deficit.
To understand how serious is this 200% value (public debt as % of GDP of Japan) compare it with south of Europe countries and Ireland which are under great pressure from IMF and rating agencies:
. Greece – 158% (2012)
. Italy – 126% (2012)
. Ireland – 118% (2012)
. Portugal – 115% (2012)
. Spain – 85% (2012)
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