This is very horrifying news not only for Japanese but also for the whole world, because Japan is very very important country for whole economic structure of the world. Lets pray Japan finds a way out as they always do and fight back. Our best wishes for them.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

A number of economies around the world have run into troubles. Especially, a number of European economies are struggling hard to stay afloat and ride out of the financial crisis’ that are plaguing them. One other economy that is at a high risk of running out of cash soon is that of Japan. According to estimates, if the stand-off in its parliament continues, Japan will run out of cash by October.


The fate of the Japanese economy pretty much rests on the deficit financing bill right now. The bill is meant to finance the deficit by allowing the government to sell bonds. The income earned through the selling of these bonds is meant to finance nearly half of the next budget.

But for now, there is a kind of a stand-off in the parliament over this bill. The opposition parties are trying hard to block the bill and stop the ruling Democratic Party from passing it.

If the bill keeps hanging in the limbo, this would mean that in October, Japanese government will no longer be able to pay salaries, pensions as well as other unemployment benefits. Naturally, given the very significant position of Japan and Japanese companies in the tech world, this economic strife at Japan can lead to more global consequences.

According to the Japanese Finance Minister, “Without this bill, the budget will collapse. It doesn’t matter which party is in power. I really hope that we can get a multi-partisan agreement on the deficit bill.”

This is very horrifying news not only for Japanese but also for the whole world, because Japan is very very important country for whole economic structure of the world. Lets pray Japan finds a way out as they always do and fight back. Our best wishes for them. (Added By Editor)

Source: Reuters

Buy Cheapest Related Product From Amazon.com


BlackBerry App World Touched 3 Billion Apps Download

With Camera Launcher For Nexus 7 Now You Can Take Photos
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On July 7, 2012(2 years, 4 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

My tutorial is for those who wants to delete those history partially or fully or to disable those if they want.
This tutorial will show you how to stop those videos in your Android mobile not to play automatically.
This tutorial will help you to Disable Auto-Update Of Android Apps in your Android Device. The steps are quite easy to execute.
This tutorial will help you to clear search history from your Google Play Store in your Android Device. The steps are quite easy to execute.
This tutorial is about restoring your deleted WhatsApp chat history in Android for at most 7 days data.
Today I am going to show you how to save places in Android Google Maps and then retrieving those places in Google Maps from any devices.
Do you know that you can turn a shoe box into a phone projector? Don't believe this? See for yourself inside.
Apple has published a new guide detailing how Android users will be able to switch their contents from Android to iPhone.
The trick will let you to check your Facebook messages in the original app without downloading Messenger and it works with both iPhone or Android phone.
Want to block all disgusting ads from your android device? Read the tutorial to know how you can block ads on your Android and save data.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook