Japan's stagflation

 

JUNE 6, 2012

Does Japan Now Face a Lost Century?

Japan expects its population to fall from 128 million in 2010 to 87 million by 2060 — a gloomy prospect, given that the government is increasingly reliant on public spending to keep the economy alive, Ambrose Evans-Pritchard writes in The Telegraph. The nation's public debt is expected to reach 239% of GDP this year, an unprecedented level for a major economy in peacetime. With fewer workers shouldering an increasingly onerous debt, Japan may see its economic stagnation continue for decades.

Source: Japan's fiscal death is a warning to the West