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14 June, 2010

Japan PM: 'risk of collapse' from debt mountain

Japan PM: 'risk of collapse' from debt mountain - Yahoo! News UK: "... After decades of stimulus spending and feeble tax receipts, Japan's public debt is now nearly double its gross domestic product, forcing the government to issue ever more bonds to pay for hefty outlays...

... 'there is a risk of collapse if we leave the increase of the public debt untouched'..."

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