Japan’s “lost two decades” and “fiscal crisis” by Masazumi Wakatabe published by SERI Quartely. “Despite loose talk about Japan being on the brink of collapse due to its debt, Japan’s finances are in reality much stronger than they appear. While Japan is the world’s largest debtor nation, it is also the world’s largest creditor nation, and fears of a crisis are premature. Nevertheless, the growth in Japan’s debt is a worrisome issue, and will require control of social security spending, and especially, an end to deflation. Tax increases, on the other hand, are likely to fail.” See PDF Attached
