Book Authored (ISBN-10: 0824821599)

Book Authored (ISBN-10: 0824821599)
Sovereign Rights and Territorial Space in Sino-Japanese Relations: Irredentism and the Diaoyu/Senkaku Islands (ISBN-10: 0824824938)

Friday, December 31, 2010

Learning from Greek

As Greece failed into financial chaos, Japan should learn some lessons. Currently, the Japanese fiscal budget deficit reaches nearly 200 percent of GDP. “It’s necessary for the government to make the medium-term fiscal road map as concrete as possible,” stated the deputy managing director at the IMF, Shinohara Naoyuki (Japan Times 27 April 2010). In fact, Standard & Poor cut the outlook of Japanese bonds’ AA rating to “negative.”

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