Japan is in the throes of deep recession with a public debt at 180% of GDP
Feb 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan is in the throes of a deep recession with a public debt at 180 percent of GDP (gross domestic product). And its plight could be intensified by a “race to the bottom”, with sterling falling 60 percent against the yen in the space of six months, says Professor Norbert Walter, Chief Economist of Deutsche Bank Group - - Germany's biggest bank. He says the international community should ask itself whether it really wants to put Japan in such a position.?