Mon, 07 Nov 2011 09:54:55 GMT
Japan’s public debt might go beyond 1 quadrillion yen
Currently
Japanese home debt is rising at a faster pace than was previously predicted and
according to Ministry of Finance might surpass 1 quadrillion yen ($12.8
trillion) at the end of March 2012. Japan had planned to stick to deficit of
ВҐ995.92 bln earlier this year; however, after
updating forecasts, additional borrowing will be undertaken. Representatives of Finance Ministry
say the surge in national debt was mainly