[lbo-talk] Japan recovery threatened: S&P

[suzume at mx82.tiki.ne.jp]

Last time I checked Japan's army was the 2nd in the world in terms of 
expenditures and as Dano mentions public works are huge here, they keep 
about 20% of the working population directly or indirectly under the 
influence of the local/national administrations.

JC Helary

On 1 juil. 04, at 14:48, dano wrote:


> At 10:21 PM -0700 6/30/04, joanna bujes wrote:
>> I don't get it, Japan's trade surplus is huge. It doesn't maintain a 
>> big army, it has no public pension system. What is this huge debt 
>> about?
>
> I seem to remember the government is doing massive public works right 
> now to deficit spend and stimulate the economy.
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