RSS Feed

Calendar

February 2010
M T W T F S S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728

Search

Tag Cloud

Archives

Financial Times (February 8)

2010/ 02/ 08 by jd in Global News

Is Japan “the next Greece?” At roughly 200% of GDP, Japan’s gross debt exceeds that of Greece. Standard & Poor’s has warned of a possible downgrade of Japan’s sovereign debt. Yet, the Financial Times believes Japan’s situation is very different from Greece and urges Japan not “to apply the fiscal brakes just yet,” but rather focus on strengthening the recovery. Furthermore, the newspaper urges the Bank of Japan to be more aggressive in fighting deflation.

 

[archive]