TOKYO, Aug 26 (Reuters) - Japan plans to issue 39.3 trillion yen ($356.9 billion) in new government bonds (JGBs) in the fiscal year starting next April in a plan based on initial budget requests, a draft showed on Thursday.
Koizumi is so completely full of shit. An article from last year explains a bit of the relevance of this amount here:
"He's said quite a few things but if you look at them one by one, you find he hasn't followed through hard enough or he has abandoned them," said Shigenori Okazaki, political analyst at UBS Warburg in Tokyo.
"The biggest example is the the 30 trillion yen (272 billion dollars) JGB cap. He not only abandoned it, he said abandoning it was not such a big deal," Okazaki added, referring to Koizumi's broken promise to limit Japanese government bond issuance.
So now we have ratcheted it on up to 39.3. Do I hear 40 in 2006? What a fucker.
Who here thinks Japan will be livable in the next few decades, when all this mess is going to come due?
