Just watching BBC World Service which had a segment on the $US1.1 Trillion spend-a-thon the Japanese are planing to fight years of deflation with. Parliament doesn't vote on it until March next year, but it looks like it has little choice with the economy too fragile to risk higher taxes. 35% of spending will go towards social security to address the nation's aging population while 20% will be allocated to servicing the nation's whopping public debt which is approaching 200% of GDP.
