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January 3, 2013

Japan's Growing Sovereign Debt Time Bomb

Anne Seith, Der Spiegel

AP Photo

The eyes of the financial world are on Greece and other heavily indebted euro-zone countries. But Japan is in even worse shape. The country's debt load is immense and growing, to the point that a quarter of its budget goes to servicing it. The government in Tokyo has done little to change things.

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TAGGED: Japan

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