website statistics

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.
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
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(3 years, 11 months ago.)

You May Also Like:

What Do You Think?

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

Perhaps, you are new Apple user and you might have no idea how to change name of your iPhone. Check out this tutorial to change the name.
Check out this tutorial to lock Android phone using PIN code, Password or Pattern. Following the easy steps, you can secure your smartphone.
If you could not figure out yet, how to save and send GIF from your iPhone, then this tutorial is just for you.
Google released 'Ambient Display' feature with Android 5.x Lollipop. Check the tutorial to know how to turn off Android’s Ambient Display .
Have you recently got your 3D Touch iPhone 6s and struggling to delete apps? Go through the tutorial to learn how to delete or move the apps.
Just read this tutorial by yourself and from now on, we will show you, how you can make your iOS device read text loudly for you.
If you're still struggling to take selfie on iPhone then check it out to know how to take photos from far using iPhone's headset as a remote.
Even if your iPhone is locked, people can reply from the lock screen. Check out, how to turn off the quick reply message from locked screen.
Have you forgot Apple ID password or having trouble signing in? Check out this tutorial to reset the password.
Even if iPhone is muted, still Siri's voice is loudly chime. Now you can change the setting to silence Siri using your iPhone's mute switch.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook