[Gunslingr3]

That's a funny way of describing one of the world most powerful economies. Japan is a very wealthy nation with a financial problem.

Yeah, 3 recessions in the last decade and their government's efforts to 'help' the economy with protectionism, corporate cronism, and Keynesian-New Deal style public works has left them with a government debt THREE times GDP. That's a bigger debt than the U.S. took on winning WW2 while arming both our allies. They're going to have to devalue the currency to escape the mess they've created. Last April they ratcheted down the deposit insurance on bank accounts. It wasn't for the hell of it...

[Lael]

Another 450+ reply thread...

Anyone who doesn't grasp the significance of this issue...will be out of power January 2005.

[WRhine]

Yeah, 3 recessions in the last decade and their government's efforts to 'help' the economy with protectionism, corporate cronism, and Keynesian-New Deal style public works has left them with a government debt THREE times GDP. That's a bigger debt than the U.S. took on winning WW2 while arming both our allies. They're going to have to devalue the currency to escape the mess they've created. Last April they ratcheted down the deposit insurance on bank accounts. It wasn't for the hell of it...

Oh Goody. We don't have to worry about Japan anymore. They are finished forever. Their people are going to be starving in the streets and all their industries are going bye bye. I guess we will soon be hearing bankruptcy notices from the likes of Toyota, Honda, Hitachi, Mitsubishi el al and that they are permanently closing down their operations. Thanks for the great news./////