THEN they’ll be the next Greece…

Japan Sees Its Public Debt Exceeding A Quadrillion Yen Next Year

Jan 26 (Bloomberg) — Japan’s Finance Ministry said the country’s public debt will probably exceed a quadrillion yen for the first time next year, adding pressure on Prime Minister Yoshihiko Noda to raise taxes to restore the nation’s finances.

6 Responses

  1. Happy to see the dreaded “quadrillion” enter our financial lexicon. What are we going to do when we run out of zeros?

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