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More Japanese Debt to Finance the Stimulus
Summary by El Economista
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Japan will borrow 11.7 trillion yen to finance the Prime Minister's extraordinary budget, Sanae Takaichi, approved by her cabinet on Friday, according to the Ministry of Finance, which will increase the country's colossal debt.Japan already has the highest debt ratio with respect to the Gross Domestic Product (GDP) among the major economies, and is expected to reach 232.7% this year, according to the International Monetary Fund (IMF).Under press…
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