Record number of people living on welfare in Japan

Discussion in 'Economy' started by Nova78, Jul 23, 2012.

  1. Nova78
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    Nova78 Silver Member

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    Record number of people living on welfare ? Japan Today: Japan News and Discussion

    The number of people claiming benefits, grants and financial aid in Japan has reached 2.1 million for the first time, the Health, Labor and Welfare Ministry said Wednesday.

    The ministry released figures on its website showing that in March of this year, 1,528,381 households were receiving welfare. The number increased by 10,695 people over the previous month. The figures also show that the number of claimants broke the 2 million mark in July 2011 and climbed every month for the next nine months.

    Japan is in the shitter, does Obama run Japan also.... $4042477862.gif
     
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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Japan's GDP/Debt ratio is about 220%. They're getting downgraded along with all other countries in debt and will soon be slaves to the Bankers.

    That is our future too.
     
  3. Unkotare
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    Unkotare Diamond Member

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    For many of the same reasons there are more people than ever on welfare here.
     
  4. DSGE
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    DSGE VIP Member

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    Except their long bond yields aren't displaying that at all. Apparently the ratings agencies (who we should listen to, why?) have decided that Japan is at higher risk of default; yet actual investors with real money on the line don't seem to agree.
     
  5. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    dear, these low rates tell us how bad economy is, not how good it is. Econ. 101 for you.
     
  6. DSGE
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    DSGE VIP Member

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    Point to the part where I said the Japanese economy is good, idiot.

    "dear"? Condescension is for smart people, Edward.
     
    Last edited: Jul 25, 2012
  7. Norman
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    Norman Gold Member

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    Yeah it's pretty interesting.

    I think some of it has to do with the central banks. Does anyone know how much of the Japan's debt is owned by the central bank? I find it very hard to believe that those 200% figures are possible without some kind of gimmicks going on.
     

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