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Is Japan Headed for a Fiscal Doomsday?

Published online by Cambridge University Press:  07 May 2025

R Taggart Murphy
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Many people in the financial world – not all of them kooks – have managed to convince themselves that Japan is hurtling towards some kind of fiscal doomsday. And that no matter what the Hatoyama government does or doesn't do, it's already too late. That Japan will be defaulting on its pension obligations. Or defaulting on its debt. Or will find itself unable to halt a string of bank failures that will bring the financial system to its knees. Or some combination thereof.

Type
Research Article
Information
Asia-Pacific Journal , Volume 7 , Issue 46 , November 2009 , e4
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2009