World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
Keywords:
Tags:
Japan's new prime minister told the Japanese Parliament in a policy speech, that a crisis like that in Greece was possible in Japan, if trust in national bonds was lost and the policy of public spending to lift the economy was not reversed. This speech followed the resignation of Shizuka Kamei, as banking minister. Kamei was seen as an advocate of continued public spending. He cautioned that a policy of relying heavily on issuing debt could not be sustained for long. Japan has government debt of $9.7 trillion, which is close to twice its gross national product in 2009. Much of this debt is held by the public in Japan, but analysts have cautioned that with the aging population, it is possible that people who retire will need the cash from bonds, requiring the government to turn to the debt markets for financing. Among the proposals Kan suggested is raising the 5% sales tax to pay for rising social welfare costs for an aging population. Satoshi Arai, the new national strategy minister, says the government will draft a plan by June 22 to address the public debt. He said the government would not exceed $500 billion in bond issuance for fiscal year ending March 2012.
Budget Discipline in Japan in 2010
06/11/2010
Spending is to be kept at 71 trillion yen for the next 3 years and the budget balanced in 10 years. This is critical to the Democratic Party government's credibility on spending, deficit and debt issues facing Japan.
Grouped Articles
Abe Set to Proceed With Tax Increase in Japan
Wall Street Journal 09/12/2013
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Japan Expects Higher Tax Revenue
Wall Street Journal 01/14/2015
In Budget Plan, Japan Proposes More Spending and Aims to Borrow Less
New York Times 01/14/2015
Japan Vows to Cap Budget at 71 Trillion Yen
Wall Street Journal 07/20/2010
Shaking up Japan: Bold, or plain reckless?
Economist 02/05/2011
The government of prime minister Noda in Japan and its plans to increase the sales tax to 10% by 2015
06/11/2010
Grouped Articles
Tokyo's Move to Raise Tax Hits Snag
Wall Street Journal 12/27/2011
Economic Expansion Slows Down in Japan
New York Times 08/11/2013
Abe Set to Proceed With Tax Increase in Japan
Wall Street Journal 09/12/2013
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Japan's Kan Plans Major Tax Increase
Wall Street Journal 06/16/2010
Japan Business Sentiment Set to Weaken Sharply
Wall Street Journal 04/01/2014
Japan Stimulus Spending 2008-2010
09/02/2008
The efforts by the administration of prime minister Taro Aso to promote stimulus spending.
Grouped Articles
Japan Sets $100 Billion Stimulus Plan
Wall Street Journal 04/06/2009
Japan’s Prime Minister Resigns
New York Times 09/02/2008
Japan Offers Stimulus Package to Spur Its Economy
New York Times 10/31/2008
Japan Unveils $51.5 Billion Stimulus
Wall Street Journal 10/31/2008
Japan Enters Recession as Firms Cut Spending
Wall Street Journal 11/17/2008
Japan to Take Stakes in Ailing Companies
New York Times 01/28/2009
Japan- Debt and the Deficit
10/21/2009
Japan's public debt is reaching twice the size of its $5 trillion economy.
Grouped Articles
Abe Set to Proceed With Tax Increase in Japan
Wall Street Journal 09/12/2013
Japan Expects Higher Tax Revenue
Wall Street Journal 01/14/2015
In Budget Plan, Japan Proposes More Spending and Aims to Borrow Less
New York Times 01/14/2015
Rising Debt a Threat to Japanese Economy
New York Times 10/21/2009
Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
New York Times 12/23/2009
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
The new administration of Naoto Kan in Japan.
02/24/2010
A new administration committed to reverse decades of heavy public spending and issuance of debt to finance it. Public debt at $9.7 trillon is bout twice the national GNP. Kan assumed the prime ministers position when Hatoyama resigned, after only 8 months in office.
Grouped Articles
Once Mighty Party Falls, and Worries Grip Japan
New York Times 02/24/2010
Wall Street Journal 06/10/2010
Wall Street Journal 07/10/2010
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Japan's New Leader Seeks Bipartisan Attack on Debt
Wall Street Journal 06/12/2010
Japan Enlists Executives as Envoys
Wall Street Journal 06/15/2010
Japan's GDP growth and the proposed increase in the consumption tax- 2013-2014
06/11/2010
The proposed increase in the sales tax to 10% to improve the Japanese government finances and the problems posed by lower GDP growth in the second quarter of 2013. The risk of derailing the economic recovery and the fight against deflation by a premature increase in the sales tax.
Grouped Articles
Economic Expansion Slows Down in Japan
New York Times 08/11/2013
Abe Set to Proceed With Tax Increase in Japan
Wall Street Journal 09/12/2013
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Japan's Kan Plans Major Tax Increase
Wall Street Journal 06/16/2010
Prime Minister Noda says tax hike essential for Japan's sustainability - The Washington Post
Washington Post 03/04/2012
Japan’s Growth Slows, Raising Concerns About Obstacles That Lie Ahead
New York Times 02/16/2014
The growing deficit in Japan and opposition to a higher sales tax- 2011-2014
06/11/2010
Grouped Articles
Economic Expansion Slows Down in Japan
New York Times 08/11/2013
Abe Set to Proceed With Tax Increase in Japan
Wall Street Journal 09/12/2013
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Japan's Kan Plans Major Tax Increase
Wall Street Journal 06/16/2010
Japan Business Sentiment Set to Weaken Sharply
Wall Street Journal 04/01/2014
Japan’s Decision on Increasing Sales Tax to Resonate Globally
Wall Street Journal 10/13/2014
Japan's financial system after the global financial crisis of 2008-2009.
02/05/2008
Grouped Articles
Japan Gets Shelter via China Trade
Wall Street Journal 02/05/2008
Japan’s Governing Party Is Plunging in Polls
New York Times 01/14/2009
How Japan Restored Its Financial System
Wall Street Journal 08/06/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Summers Says More Regulators Could Join Fed to Police Risk
Wall Street Journal 09/12/2009
Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
New York Times 12/23/2009
Toyota crisis and changes in direction for Japanese economy in 2010.
02/09/2010
Experts in Japan ponder the future direction of Japan's economy, possibly into a US style service industry dominated economy away from the mass manufacturing of the postwar era.
Grouped Articles
In Toyota Mess, Lesson for Japan
New York Times 02/09/2010
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Electric Cars Make Japan's Gas Engine Industry Anxious
New York Times 11/02/2010
Toyota's Domestic Plant Problem
Wall Street Journal 02/09/2011
Shaking up Japan: Bold, or plain reckless?
Economist 02/05/2011
Toyota Unveils New Business Plan
Wall Street Journal 03/09/2011
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us