Japan Premier promises to revitalize economy in the face of debt
WSJ reports, that Japanese Prime Minister Yukio Hatoyama has “vowed” to move ahead with efforts to get Japan’s economy back on track by “jump-starting” its’ domestic consumption.
Minister Hatoyama though, has not been very clear in how any possible programs, in furtherance of this goal, would be funded. The problem with these vague promises is that they are made in the face of Japan’s massive public debt. Read more.