December 24, 2012

Estimates put Japan's debt at over one quadrillion yen or a thousand trillion yen according to report


"...the government of Japan,....now has gross borrowings and guarantees in excess of one quadrillion yen (a thousand trillion)"


Source: Japan's sorry state a lesson for others
By Maximilian Walsh
Australian Financial Review
Tuesday 13th November, 2012, page 55

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