Jump to content
House Price Crash Forum
Realistbear

Japan's Debt Tops 827 Trillion Yen

Recommended Posts

http://news.moneycentral.msn.com/provider/...&ID=5821589

Japan's Debt Tops 827 Trillion Yen

All Associated Press NewsTOKYO (AP) - Japan's public debt reached a record high of 827.48 trillion yen (US$7.12 trillion; euro5.7 trillion) as of March 31, up 45.93 trillion yen from a year earlier, the Finance Ministry said.
Of that total, government bonds increased 44.22 trillion yen (US$380.6 billion; euro304.43 billion) to 670.58 trillion yen (US$5.77 trillion; euro4.62 trillion), the ministry said in a statement released Friday.
Related newsStocks Close Lower on Factory Order DropDemand for Manufactured Goods Falls in MayAMD Chooses Upstate N.Y. for Chip PlantOil Prices Hover Around $71 a BarrelDollar Rises Against Major Currencies
Japan has long relied on government bond issues to make up for falling tax revenues, turning it into one of the world's most indebted countries.
Japan's public debt makes up about 160 percent of its GDP, the highest ratio in the industrial world.

Higher IR anybody? We have only just begun to feel the start of Jap tightening.

Share this post


Link to post
Share on other sites

It's worth bearing in mind that Japanese indviduals' personal assets rose to 1,508.7 trillion yen--over $14 trillion--and twice the government debt. Anyone know the ratio for the UK or US?

It's worth bearing in mind that Japanese indviduals' personal assets rose to 1,508.7 trillion yen--over $14 trillion--or $120,000 per person and twice the government debt. Anyone know the ratio for the UK or US?

Share this post


Link to post
Share on other sites

It's worth bearing in mind that Japanese indviduals' personal assets rose to 1,508.7 trillion yen--over $14 trillion--and twice the government debt. Anyone know the ratio for the UK or US?

It's worth bearing in mind that Japanese indviduals' personal assets rose to 1,508.7 trillion yen--over $14 trillion--or $120,000 per person and twice the government debt. Anyone know the ratio for the UK or US?

US market credit debt

1212.h1.jpg

http://www.financialsense.com/editorials/f.../2005/1212.html

Share this post


Link to post
Share on other sites

The ambivalent BoJ boss may be spending more time with this family soon:

http://uk.biz.yahoo.com/24062006/323/japan...ief-resign.html

Saturday June 24, 07:52 PM

Japan opposition asks central bank chief to resign

TOKYO (AFP) - Four of Japan's main opposition parties have jointly called for the resignation of central bank governor Toshihiko Fukui, who is embroiled in an investment fund scandal.
"He should realize his responsibility and step down in order to regain the public and internal confidence in the Bank of Japan," said Ichiro Ozawa, leader of the Democratic Party of Japan.

With a new Governor perhaps there will be some action rather than threats of IR hikes followed by inactivity. Anyone would think they were the BoE. :angry:

Share this post


Link to post
Share on other sites

The ambivalent BoJ boss may be spending more time with this family soon:

http://uk.biz.yahoo.com/24062006/323/japan...ief-resign.html

Saturday June 24, 07:52 PM

Japan opposition asks central bank chief to resign

TOKYO (AFP) - Four of Japan's main opposition parties have jointly called for the resignation of central bank governor Toshihiko Fukui, who is embroiled in an investment fund scandal.

"He should realize his responsibility and step down in order to regain the public and internal confidence in the Bank of Japan," said Ichiro Ozawa, leader of the Democratic Party of Japan.

With a new Governor perhaps there will be some action rather than threats of IR hikes followed by inactivity. Anyone would think they were the BoE. :angry:

I would have thought the chances of rises are more likely if Fukui stays. After all, if he's replaced, the LDP may well opt for someone more dovish. (I assume he's appointed by the government). by the way, yesterday's Nikkei reported only one 0.25% rise is now expected this year rather than two as was the case. Either way, Japan's rates are going up.

Share this post


Link to post
Share on other sites

Uh that looks bl00dy scary! :o Have we really been on the edge of a precipice sine the mid 90's? What I'm looking at is the spike in the thirties and the massive correction. Are we about to see the same thing or are the banks and government thinking the higher we climb the longer it will take to hit the ground so we pretend we won't ever hit the ground?!

When you hear government and economists harp on about economic growth what they are really talking about is debt growth. Translate it into "we must get you all in deeper debt else we're going to have to face the music".

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 337 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% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.