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Japan's 'Borrow-to-Invest' Strategy is Under Strain

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By Fumio Ohtake / Special to The Yomiuri Shimbun

18:00 JST, September 4, 2023

Japan’s fiscal deficit is colossal. According to an estimate by the International Monetary Fund, the nation’s general government gross debt amounts to about 230% of its nominal GDP. Textbook theory suggests that it wouldn’t be surprising if we saw a fiscal crisis or high inflation in such a situatio...

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