
Investments
Solving Japan’s financial problems…and creating some for New Zealand
Tuesday 12th of June 2018
Japan now has the industrial world’s heaviest debt burden at more than twice the size of its economy. Even at low current interest rates, debt-servicing costs account for roughly a quarter of the annual government budget. If interest rates were to rise by 2%, it would take more than 70% of total tax revenue just to pay the interest!
The Japanese government also needs to borrow more...
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