February 13, 2013

Japan's Scary Future

Edward Hugh, Fistful of Euros

AP Photo

How does a country accept its fate of having no other chance of growing other than simply growing old? How does a country accept its fate of seeing its private savings evaporate? How can a country get along with the discovery that what was seen as a secure source of private wealth and old-age provision, national government bonds, just dematerializes?

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TAGGED: global economy, Japan


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