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

Doug Henwood dhenwood at panix.com
Thu Jul 1 13:11:41 PDT 2004


Dennis Redmond wrote:


> > Japan's defense spending was 5 trillion Yen in 2002.
>
>That's the equivalent of $45 billion -- miniscule in relation to its GDP
>of around $4.5 trillion. The stats:
>
>http://www.globalissues.org/Geopolitics/ArmsTrade/Spending.asp

Enough to put thmm fourth in the world, not all that far behind China & Russia, a hair ahead of the UK, and well ahead of France, Germany, and Italy.

Doug



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