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A Japanese view of the U.S. national debt

October 29th, 2010 2 comments

Today, I am writing this post from Japan. I had a chance to speak with a Japanese colleague about the general financial crisis in the developed world, particularly as relates to Japan and the U.S.. In this post I simply would like to share that conversation.

It started out with him telling me the Japanese government is trying to take austerity measures to address the country’s budget deficit. This meant cutting back on government expenses. Europe is similarily embarking on such measures.
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