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JUST IN: Japan’s Prime Minister says his country’s financial situation is worse than that of Greece
Top reasons why:
📉 Debt-to-GDP is over 260% — the highest in the developed world
👴 Aging population is driving up pension and healthcare costs
👶 Shrinking 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 ticking.