Lessons to be learned from Japan
Thu, 11 Oct 2012 11:57a.m.
New Zealand wants to avoid the fate of Japan.
Its debt level is 237 percent of GDP, the highest debt burden of any developed nation.
International finance leaders are meeting in Tokyo this week – what lessons can they learn from Japan?
Watch the video to find out.
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11/10/2012 3:10:40 p.m.
What a pointless article and pointless meeting of finance leaders - this is purely an excuse for a trip to a wonderful country. Japan is in a very different position to New Zealand in one major fact that the government debt in Japan is mostly Japanese funded. New Zealand however has most of its debt funded by overseas money. Much of the world doesn't consider the debt an issue like the US or Europe. The US and Europe owe other people money, the Japan Govt owe mainly their citizens money.
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