July 16, 2012

Construction spending in Japan in 2003, 40 percent of the national budget according to report

"Japan's special fetish has long been construction spending...In 2003, for instance, it spent 40 per cent of the national budget on construction in what was already one of the world's most overbuilt countries"

Source: Spoilt West invites its own decline
June 12, 2012
Peter Hartcher

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