Japanese government could default on debt by October

[Korean]

Japan to go broke by October? Standoff threatens to 'collapse' budget - World News

Japan to go broke by October? Standoff threatens to 'collapse' budget
By Reuters

TOKYO - Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.
The deficit financing bill, which would allow the government to sell bonds needed to fund almost half of the budget, has languished in parliament as the ruling Democratic Party tussles with opposition parties that can use their control of the upper house to reject legislation.
"Without this bill, the budget will collapse," Finance Minister Jun Azumi said on Friday, pleading for cooperation from the two largest opposition parties.

"It doesn't matter which party is in power. I really hope that we can get a multi-partisan agreement on the deficit bill."
If the bill is not passed, government spending would grind to a halt, the world's third-largest economy would be put in jeopardy and its standing among credit ratings agencies could suffer.

 

[kawaraj]

busted！

how's your vacation, Ms Korean.

 

[Korean]

busted！

how's your vacation, Ms Korean.

Hello Mrs. Kawaraj, you should be the first one to be let go when Japanese government defaults debt and enters a financial melt down.

 

[forcetrip]

You two always put a smile on my face..

 

[SinoChallenger]

Yes, now is the time to strike Japan with PLAAF. By controlling all the Japanese islands, China would control the entire Western Pacific Ocean.

 

[anon45]

Yes, now is the time to strike Japan with PLAAF. By controlling all the Japanese islands, China would control the entire Western Pacific Ocean.

please do, it gives us a good excuse to liberate Hong Kong!

 

[SinoChallenger]

please do, it gives us a good excuse to liberate Hong Kong!

With what? You couldn't even defend your ally Philippines.

 

[KingMamba]

Chinese posters on PDF are so imperialistic.

 

[Esc8781]

With what? You couldn't even defend your ally Philippines.

You should change your name to sino mentally challenged, it is an act of war, then who knows what will happen.

Chinese posters on PDF are so imperialistic.

Some of them, but not all of them

 

[Hashshāshīn]

Can some Chinese explain the Sino-Jap feud? Why do both countries hate each other? is it because of WW2 atrocities by the Imperial Army? or something else?

 

[gpit]

LOL!

Last time I heard that japan's going to buy Diaoyu island.

Can a busted Japan still pay for that?

Can some Chinese explain the Sino-Jap feud? Why do both countries hate each other? is it because of WW2 atrocities by the Imperial Army? or something else?

I think you are partially right.

1) Japanese killed many innocent Chinese in WWII, an atrocity condemned by many but hailed by a handful internet Indians with weird mentality.

2) Moreover, unlike Germany whose leaders apologized whenever there is a chance, Japanese leaders instead say there was no such atrocity and Japanese never invaded China but “entered” China. They changed their textbook as such, their leaders worship those war criminals in their military temples. BTW, some Indians with same weird mentality also question the same why Japanese should apologize.

That is where the problem is.

Yes, now is the time to strike Japan with PLAAF. By controlling all the Japanese islands, China would control the entire Western Pacific Ocean.

I don't think your post helps.

 

[twocents]

Can some Chinese explain the Sino-Jap feud? Why do both countries hate each other? is it because of WW2 atrocities by the Imperial Army? or something else?

WWII is only part of the reason. What infuriates people in China at large is Japanese denial of its acountability for the atrocities commited against China and a number of east Asian countries including Korea, Vietnam, the Philippines, Indonesia and Burma. The closest thing to a Japanese apology is that Japan inconvenienced all these countries during the war. In short, Japan has never atoned for the war.

 

[manojb]

Chinese posters on PDF are so imperialistic.

I think some carry japanese genes. I wonder how?

 

[Viet]

Like America and others, the Japanese government has money printing machines!
It just needs to push the "start" putton, and money flows. The Yen is quite strong at present. So the likelihood that Japan declares being bankrupt is near zero.

 

[ahfatzia]

Most of Japan's over 200% as to GDP debts are internal with zero interest and the Japanese people and corporations are known to be supportive to their government, so as long as they could pay the interest portion of their external debt they'll alright for a while. But with their budget deficit increases and current account shrinking as years go by; plus the aging population reduces savings, their outlook for the immediate term is not good. Energy imports, because their problems with nuclear plants, will be the nails on their coffins if they don't find some quick solutions.