Japan's Toyota Shokku

In the three months since Prime Minister Taro Aso took over the helm of the Japanese government, both the economy and his Liberal Democratic Party’s election prospects have deteriorated in tandem, forcing him to postpone the widely expected general election. The economic crisis has thrown virtually all fiscal restraint out of the window, with new spending supported by bonds and adding to the country’s huge national debt, which now stands at more than 180 percent of gross domestic product, by far the highest in the industrialized world. By contrast, the US's much more publicized national debt is about 65 percent of GDP.

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