245% vs. 41%. A very different narrative than what is in the mainstream press.
“Japanese government owes debt of 1,269.1 trillion yen, and owns assets of 822.2 trillion yen, therefore the net debt is 447 trillion yen at the end of March, 2013. The net debt relative to GDP ratio is about 90 percent.
As of December 31, 2014, the BOJ holds JGBs worth 254 trillion yen. If we subtract this from the net debt, the net debt relative to GDP ratio becomes 41 percent.”
Japan’s Fiscal Situation Is Not As Bad As Many Assume
Detail of rear spoked wheel from the 2015 MV Augusta Brutale 800 Dragster RR.
I’d love to know more about who is making the rim.
Mark Alpen, photo by Phil Kopp
A wonderful man has left us too soon.
My condolences to Ln and Mark’s family and everyone who was touched by their love.
Noah Smith: “The U.S. is slowly becoming a country where income and race determine the degree to which a citizen is bound by the law of the land. That’s true privilege. That’s the dangerous kind. Dangerous for those on the bottom of the privilege system, but ultimately dangerous for those on the top as well.”
The Washington Post covers the defacto monopoly of Windows in South Korea recently with Chico Harlan’s article: South Korea is stuck with Internet Explorer for online shopping because of security law.
I covered this in 2007 with my piece the cost of monoculture, which is basically still accurate as of late 2013.
I’m a little surprised that Harlan did not link to my piece as it is the first and most widely-circulated English-language piece on this topic. I’m also a bit surprised that Harlan did not interview Dr. Keechang Kim of Korea University who has been the most vocal voice in Korea against this defacto monopoly.