Japanese Government Debt

Paper Summary:

This paper examines the effect of Japanese debt on economic growth. The author considers the possibility that the Japanese debt could cripple the entire world economy. Economic growth is discussed not only from the standpoint of Japan, but also from the standpoint of other members of the world economy. The author presents background information on the economic rise, and potential fall, of Japan. The paper also consists of prominent models and theories that are presented and explained, to illustrate the economic effects of the debt of the Japanese government. Paper includes charts and tables.

Outline:
Abstract
Theory
Data
Conclusions

From the Paper:

"In order to put the significance of the consideration of Japanese economics into perspective, consider for a moment the fact that Japan is the second world economic superpower, behind the United States (Witter, 1997). Keeping that in mind, there are several key economic indicators that show a true storm brewing within the Japanese economy due to the debt of the Japanese government; for example, current figures show that the debt of the Japanese government outweighs their GPD (Gross Domestic Product) by an obscenely high 170%, the Japanese National Bank is insolvent, and there is a glut of outstanding JGBs (Japanese Government Bonds (Posen, 2000). While all of these statistics are staggering, there are some very informative models and theories that illustrate this problem in greater depth; the best of these models and theories will now be presented and discussed in an effort to add another dimension to this research and provide a complete understanding of not only the topic, but also its significance to everyone in the developed world and beyond."

Sample of Sources Used:

• Aliber, R. Z. (2005). The 35 Most Tumultuous Years in Monetary History: Shocks, the Transfer Problem, and Financial Trauma. 142+.
• Brenner, R. (1998). Chapter Five Profitability Regained?. New Left Review, a(229), 235-262.
• Japan. (2004). In The Columbia Encyclopedia (6th ed.). New York: Columbia University Press.
• Debt-Watcher's Dictionary. (1989). ABA Banking Journal, 81(9), 81+.
• Genay, H. (1998). Assessing the Condition of Japanese Banks: How Informative Are Accounting Earnings?. Economic Perspectives, 22(4), 12+.

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• Research Paper # 28895 : "Japanese War Times Tribunal"

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