January 28, 2011

Government debt may swallow Japanese household savings by 2020 according to academic

".. the 1,400 trillion yen in financial assets held by Japanese households are buying up government bonds, but Kazumasa Oguro, an associate professor of economics at Hitotsubashi University's Institute of Economic Research, said, "By around 2020, government debt will swallow up household savings."


Source: ANALYSIS/ Short-term fixes for Japan's economy won’t work anymore
BY MAKOTO ODA
ASAHI SHIMBUN
2010/08/25
http://www.asahi.com/english/TKY201008240357.html

No comments:

Post a Comment