Japan’s Economy – It’s a Nuclear Implosion!
With the news from Prime Minister Kan that the budget deficit of Japan’s economy is more than twice the country’s GDP (as at June 2010), we could see an international fall-out of nuclear proportions. As if it’s not enough that most of the major European economies are struggling with massive debt, here we have the world’s second biggest economy announcing that things can only get worse if austerity measures aren’t introduced right away.
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