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LAST MINUTE: The Prime Minister of Japan states that the financial situation of his country is worse than that of Greece.

Main reasons:

📉 The debt-to-GDP ratio exceeds 260%, the highest in the developed world.

👴 The aging population is increasing pension and healthcare costs.

👶 The declining birth rate means fewer workers and less tax revenue.

💸 Decades of stimulus have led to long-term economic stagnation.

🧨 Rising interest rates are making debt payments unsustainable.

Japan's fiscal time bomb is about to explode.