Posts Tagged ‘ratio’

Japan faced its “lost decade” one decade before we did. And its government attacked the problem the same way our government has in the United States, with dramatically lower interest rates and dramatically increased government spending.

Twenty years later, Japan’s economy is still not growing. It still has extremely low interest rates. And thanks to all the government spending, Japan now has the world’s highest ratio of government debt-to-GDP. (Ominously, Japanese real estate has not started a recovery, either.)” -Steve Sjuggerud