Tuesday, May 21, 2013

Japan panel warns of dangers of debt mountain





A Japanese government panel warns there is “absolutely no guarantee” that domestic investors will keep financing the country’s massive public debt, citing the risk of a spike in bond yields that could crimp long-term growth prospects, draft report seen by Reuters shows.


The warning from the advisory panel to Finance Minister Taro Aso comes at a critical time - when the government bond market has seen volatile price falls, underscoring a delicate balancing act for Prime Minister Shinzo Abe’s government.









via Business feed http://www.scmp.com/business/economy/article/1242705/japan-panel-warns-dangers-debt-mountain

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