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KillerMan on 16 November 2011
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kowenicki said:
snakenobi said:
KillerMan said:
The problem will go away though with longer timeframe as high yen reduces the growth of Japanese economy and that leads to weaker currency. I still don't know though why Japanese goverment just wont print their way out of the problem. Not the fairest thing to do but US has done it for years so why Japan shouldn't?


cause they know that it will bite them in the arse one day in the future as it does US today

 

USA inflation since they started blind printing is abnormally high

and with the comming crisis next year,they are saving themselves

you need to stop with the US hate / Japanese love thing....

IMF chief Christine Lagarde on Saturday said Japan should make reducing its mammoth public debt a priority, while adding that its recent unilateral currency intervention was "in the spirit" of the G7.

Japan's "priorities going forward are the swift implementation of reconstruction spending, and the adoption of a strong medium-term plan to reduce public debt," the International Monetary Fund managing director said.

In Tokyo, Lagarde met Japanese Finance Minister Jun Azumi, Bank of Japan Governor Masaaki Shirakawa and financial services minister Shozaburo Jimi, before leaving for the Asia Pacific Economic Cooperation forum in Hawaii.

At more than 200 percent of GDP, Japan's debt is the world's highest after years of pump-priming measures by governments trying in vain to arrest the economy's long decline.

Japan's debt is completely different thing compared to other western nations though as it's pretty much fully owned by its own people(and household are still filthy rich in Japan as Japanese people love so save). Not to mention that tax rates overall are pretty low in Japan so they have means to fight against debt (taxes have been magically low for years which actually lead to this debt problem). Of course in future with their huge aging population the debt will be huge problem if nothing is done to solve problem but not at the moment like in Europe.