Japan posts record high trade deficit in 2012
Japan has the highest government debt as a percentage of GDP running at 229.77% in 2011. To put that into perspective in the same year ‘economic crisis’ stricken Greece has the 2nd worst at 160.81%.
The 2012 figures are not officially out yet but Japan is set to be 238.44% and Greece (still 2nd worst) is 189.15%. After 2012 Greece’s debt (as a percentage of GDP) is set to get better year after year whereas Japan’s is set to continue getting worse
Japan is continually ruled by centralist and centre-right governments.
Japan cannot and will not come up with the answers to its problems while it continues to keep Capitalism on life-support.
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