"..Japan, facing population decline from 128 million to perhaps only 88 million people over the next 30 years and with extremely rapid ageing and a national debt of 240 per cent of GDP, is making a desperate gamble that it can shake off two decades of deflation by having the Bank of Japan engage in massive buying of assets. Even if it works, this will not solve the population and other deep structural problems of Japan."
Source: The second US century
May 13, 2013
Clyde Prestowitz
The Age Newspaper
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