Skooter reporting 06/28/12
You just don’t know that Japanese companies have a problem. Several of them, in fact. You don’t believe me? Well, here’s some few real facts.
Their nation's fiscal situation, no matter how you look at it, is worse than that of Greece or Spain. Could you imagine that debt as a percentage of GDP, for example, is more than 225%.? Good Lord, that’s a lot. You know, the Japanese economy is growing at an anemic 1%, and has been going on for decades. And here’s more, the country's population is not just aging, but dying off or shall we say gasping for air. That means less demand for everything from sushi to golf clubs to industrial equipment.
So what are Japanese companies doing about it?
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