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May 16, 2024
 

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DEBT 2

Japan Times
BUSINESS / Economy
May 6, 2019
America's $1.6 trillion student debt woe spurring suicidal thoughts: survey
The $1.6 trillion in U.S. student debt may not pose a direct threat to the economy, but it's causing anguish that goes far beyond financial concerns for the people who owe it.
Japan Times
BUSINESS / Economy
Apr 15, 2019
OECD secretary-general urges Japan to pull trigger on tax hike and pursue structural reforms
A top OECD official says the scheduled consumption tax hike to 10 percent this fall is “essential” to ensure Japan's fiscal sustainability.
BUSINESS
Mar 25, 2019
China's local government debt: The bomb that doesn't explode — but gets kicked down the road
China has embraced the idea of defaults imposing some discipline on debtors in its bond market. And some of the most troubled debtors are local governments' financing vehicles. So an LGFV default has long seemed on the cards. But it just isn't happening.
Japan Times
BUSINESS / Companies
Feb 4, 2019
SoftBank's giant debt burden looks worse than it actually is, analysts say
As SoftBank Group Corp. continues its transformation into a giant investment fund, some analysts are increasingly watching a metric more familiar to lenders as they judge its creditworthiness. And by that gauge, they say, its massive debt pile looks manageable.
Japan Times
ASIA PACIFIC
Dec 17, 2018
Deep in the red: Chinese county pays price for vanity-project binge
In the heart of an impoverished village in southern China, a life-sized statue of Mao Zedong sits on a platform adorned with intricate stonework, flanked by a diorama of Red Army soldiers and traditional brick-and-tile homes with curved roofs.
Japan Times
BUSINESS
Dec 16, 2018
Fate of $1 trillion in risky U.S. loans may be in Japan's hands
Japanese banks might have snapped up a third of the loans made to highly indebted U.S. companies, propelling the size of the market past $1 trillion.
Japan Times
BUSINESS / Economy
Dec 13, 2018
U.S. debt under Trump has ballooned by size of Brazil's GDP: Treasury
U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising under the Trump administration.
Japan Times
BUSINESS
Sep 14, 2018
High debt limits China's range of weapons in defending against Trump's tariff blitz
Ten years ago, China shielded itself from the global financial crisis with a wall of stimulus. Facing U.S. President Donald Trump's tariff onslaught, that feat of self-preservation looks much harder to repeat.
Japan Times
BUSINESS
Sep 14, 2018
China's industrial output tops forecasts but investment growth sinks to new low
China reported better-than-expected industrial output and retail sales on Friday, but a key investment gauge fell to a fresh record low, highlighting the challenges facing Beijing as it tries to support the economy in the face of rising U.S. tariffs.
BUSINESS
Jun 18, 2018
China seen flexing loan muscle as it pushes further into Pacific
In the gritty, steamy streets of Papua New Guinea's capital Port Moresby, signs of China's push into the Pacific island nation are inescapable.
EDITORIALS
May 31, 2018
Face up to harsh reality of fiscal consolidation
As the government struggles to put together a credible road map to fiscal consolidation, the public should also grapple with the question of how the nation's fiscal health can be regained.
BUSINESS / Economy
May 3, 2018
Japan's fiscal health goal likely to be pushed back another five years to 2025
The government is eyeing fiscal 2025 as its new target year to achieve a primary balance surplus, delaying the fiscal health goal by another five years, sources said Wednesday.
Japan Times
BUSINESS
Dec 9, 2017
E-sports to chocolates: Chinese cities rush into risky specialization projects
The first plan was for an "eco-city" that would help pull Zhongxian, a remote city on the hilly banks of the Yangtze River in southwest China, out of poverty.
Japan Times
COMMENTARY / Japan
Nov 23, 2017
Will America's bankers oblige Donald Trump?
The debt that should worry Abe's team the most over the next few months is Tokyo's $1.1 trillion of U.S. treasuries.
Japan Times
BUSINESS / Economy
Nov 3, 2017
Venezuela to restructure foreign debt, raising the possibility of massive default
Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find food and medicine.
Japan Times
BUSINESS
Oct 12, 2017
African-Americans twice as likely as whites to default on student debt: DOE
Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans — more than double the rate among white student debtors, according to new data from the U.S. Department of Education.
EDITORIALS
Oct 2, 2017
The deferred target for fiscal consolidation
Voters should weigh Prime Minister Shinzo Abe's plan to spend more on education against the consequences of putting fiscal rehabilitation on the back burner.
Japan Times
COMMENTARY / World
Sep 24, 2017
Juncker's road map for European disaster
Jean-Claude Juncker's plan to accelerate eurozone accession threatens to re-create in spades the chaos of the past decade.
WORLD / Politics
Sep 11, 2017
No talk of ousting U.S. House Speaker Ryan: key GOP conservative
U.S. Rep. Jim Jordan, a leading House conservative, said on Sunday that fellow conservatives are not discussing replacing Speaker Paul Ryan despite unhappiness with the way Republican leaders handled last week's debt ceiling increase that included no fiscal reforms.
BUSINESS
May 16, 2017
China and Japan increase holdings of U.S. government treasuries
Japan and China increased their holdings of U.S. Treasuries as overall net foreign purchases in March reached their strongest level in a year.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.
Kishida defends planned rule to revoke foreigners' residency
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
Japan concerned over U.S. officials' remarks on atomic bombings
U.S. Sen. Lindsey Graham speaks to reporters during a news conference in Washington on Thursday.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Japanese rap creates its mecca in Pop Yours
Tokyo-based artist Jumadiba says he forgoes the label of simply “rap” for his music because the Japanese rap scene isn’t confined to a particular sound. 
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.

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