The 1 Quadrillion Story

Do you know what one trillion yens look like ?, I don’t. According to the Japan’s finance ministry Japanese debt has toped one quadrillion yens. Japanese debt is now equivalent to about 10 trillion dollars. In order for the Japanese government to show how fiscal  responsible they are and to maintain investment interest some tightening of the belt will be needed. Such a move will not be popular as it will slow their economy at a time that growth is needed. Nevertheless, despite the debt I think its still worth a while to invest in Japan.