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Japan Economy: Prediction 2010
- As marriage and family formation by young and early middle-aged Japanese continue to decline, the shrinking and aging Japanese population will become a major issue as sales consumption and taxable income drops. The demographic collapse facing Japanalong with a deeply troubled economy due to decades of capital mismanagement, unrestrained entitlement programs, expanding public debt (198% debt to the nation’s GDP), chronic deflation, high default rates, and rising unemployment, will push the nation into unprecedented economic crisis and social instability by 2010. (January 4, 2010)
