Sunday, December 26, 2010

High Public Debt

The Japanese government has approved a budget for next year with record spendings. The aim is to boost the economy. However, it adds to public debts, which is already the highest among developed nations. I am concerned, I have to wonder if Japan is on the right track. It is not that I am very good at economy, but it does not seem right when the contry's public debt is expected to reach 184% GDP by the end of March 2012. A public debt that is almost twice as high as the GDP cannot be good. On the other hand, the Japanese people are hard workers and have come back from much worse circumstances. They also have the world's biggest Shiba population to help them.

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