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I M F: Japan's Debt And Deficit No Longer Sustainable

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http://uk.finance.yahoo.com/news/IMF-Japan-debt-deficit-tele-3511752187.html;_ylt=AgRuioBhjGcOJ0D59GgC.a3Sr7FG;_ylu=X3oDMTE4MzZnZGdwBHBvcwM3BHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNpbWZqYXBhbnNkZWI-?x=0

IMF: Japan's debt and deficit 'are not sustainable'

AFP, 8:25, Wednesday 9 February 2011
Japan (NYSE: MCO - news) 's outstanding debt and fiscal deficit "are not sustainable", the IMF (Berlin: MXG1.BE - news) warned on Wednesday, adding that Tokyo must tackle the issues if it wants to avoid future trouble.
The comments by IMF deputy managing director Naoyuki Shinohara come weeks after Standard & Poor's lowered the country's credit rating and accused the government of not having a clear plan to ease the debt mountain.

http://www.guardian.co.uk/news/datablog/2010/may/27/debt-deficit-oecd-countries-data

FIRST COLUMN: 2010 deficit, % of GDP

SECOND COLUMN: 2010 public debt, % of GDP

United States -10.7 65.2

Japan -8.2 104.6

Germany -5.3 54.7

France -8.6 60.7

Italy -5.4 100.8

United Kingdom -13.3 59

Canada -5.2 32.6

Australia -3.5 -1.3

Austria -5.5 42.9

Belguim -5.6 85.4

Czech Republic -5.6 5.3

Denmark -5.4 1.6

Finland -4.8 -46.4

Greece -9.8 94.6

Hungary -4.1 62.1

Iceland -10.1 43.9

Ireland -12.2 38

We appear to be in the top tier for debt and deficit and in much worse shape than Japan if you are looking at 2010 deficit as a % of GDP. As the economy continues to contract this can only get worse. Quite a shock to see how it is already worse than the US whom we are not far behind on public debt. So far, the IMF have heaped praises on the Koalishon because they have a plan. How much longer before the elephant comes back into their view depends, I suppose, on how politics go in the next few months.

Edited by Realistbear

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Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!)

So we're the biggest losers in the world! (I knew we were good at something!)

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Mastriccht accounting rules.gave us a debt of 1000 billion at 73% gdp as at 31 march 2010!

Am sure the Europeans account under Mastriccht so like for.like we move up thetsble handsomely...

Government stats web site....

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Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!)

So we're the biggest losers in the world! (I knew we were good at something!)

Shhhhhhhhhhhhhhhhhhh! The IMF don't know this. :lol:

When the spotlight turns to us and they realise we are not growing our problems away the bill for Brown's miracle lunch will be presented. Best to stay clear of houses for a while yet. Look--but don't buy.

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Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!)

So we're the biggest losers in the world! (I knew we were good at something!)

:blink::unsure:

P'raps we should take out a

MASSIVE LIAR LOAN?

:unsure:

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So the IMF finally wants Japan to stop playing around and get rid of the zombie banks? How are they going to help Japan save face? This is the reason the bad debts where never admitted to, which then resulted in the perpetual govt stimulus to get the economy moving again.

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Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!)

Yes indeed, 2.3 trillion it is, I've just checked the UK debt clock.

Eat your hearts out Greece.

Bump.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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