Is this Japan’s last days?

Before the quake, Japan’s national debt was 200% of GDP (the US is approaching 100%).

Japan ran up that debt on a number of very expensive public work projects like high speed rail, airports and roads to “stimulate” their economy figuring that the economic recovery would more than pay back the loans. It didn’t.

Much of Japan’s land has been kept as agricultural rather than turning it into new cities. Japan doesn’t want to be reliant on food imports, as someday an enemy might declare an embargo and freeze their assets.

Japan had one of the lowest reproduction rates in the world. Part of that would have been residue of having monogamy and large numbers of men who died in WW2. Another part is the cost of housing is so high, children can’t afford to start a family. Japan is being crushed by an overhang of old people and not enough young people to pay the taxes.

So it looks like one of the reactors may be on a way to melting down. Unlike Chernobyl, the Japanese power plants have containment buildings… But if they rupture, then a large area of Northern Japan would be unsuitable to grow food for a very long time.

About Art Stone

I'm the guy who used to run StreamingRadioGuide.com (and FindAnISP.com).
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3 Responses to Is this Japan’s last days?

  1. jackkeats says:

    But perfectly suitable upon which to build big cities with lots of nice new houses…

  2. prboylan says:

    You guys have it all wrong. This is a great opportunity for the “never let a crisis go to waste” Obama administration. Can you say “Marshall plan to rebuild Japan?” Everyone in the US gets a job, everyone works overtime, paid by ever more worthless script. Taxes will go up and hundreds of new government agencies and czars will be established to monitor production and the “success” of the massive rebuilding and aid plan. Watch and see!

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