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Is Japan's Financial System On The Verge Of Collapsing?
Japanese bond yields are spiking dramatically, Japan's debt to GDP ratio is now above 230 percent, the Japanese economy has started contracting, and Japanese Prime Minister Shigeru Ishiba just publicly stated that the financial condition of his nation is worse than the financial condition of Greece. When I heard that he had said this, I knew that I had to find his direct quote and share it with all of you…
"It's important to recognise the dangers of a society and a world with interest rates. The government is not in a position to comment on interest rates, but the reality is we are facing a world with them. Our country's fiscal situation is undoubtedly extremely poor, worse than Greece's," the prime minister told the parliament on Monday.
That is really an extreme thing to say.