July 08, 2013

Economist recommends that private sector debt in Japan has to be written for economy to recover

"Steve Keen says Japan must write off old private debts: ''Excessive private sector debt, and the failure to shut down zombie banks was the main factor that started this slump. The debt has to be written off - with minimal damage to savers - before investment will ever sustainably start again.''"

Source: Shared benefits if US Fed hits its mark

July 8th 2013


TIM Colebatch

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