In Budget Plan, Japan Proposes More Spending and Aims to Borrow Less - The New York Times - 6 views
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ublic spending in Japan will rise to a record level
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But in a sign that the country may be starting to address its huge debt, budget planners said Japan would borrow less money even as it spent more.
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Although the economy has been struggling, Japanese corporations are earning record profits
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This article was incredible informative about the current major areas that are sucking up a lot of Japan's spending like social benefits and military spending. But it also gives a detailed outline on how Japan aims to combat their debt but I'm unsure if these predictions are too optimistic?
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It's interesting to see how Japan's government is interacting with the market in an attempt to create a flow of money that will ease its deficit. The fact that they raised their sales tax is very interesting when we consider how Japan entered its recession in 1997 because the government raised the national consumption tax to 5% from. Has Japan learned its lesson and will it enter another recession again as a result of their new tax hike?
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It is cool to see precisely which sectors are consuming the larger portions of Japan's budget through data. I also liked how Japan thought about balance their budget.