Japanese reluctance to borrow in contrast to America's trend
Wednesday, August 31, 2005
Editor's note: Growing debt has long been a concern in the United States, from individuals buying on credit to Washington budgets. But many economists are now warning that runaway spending and borrowing have the nation on track toward a major economic crash. The final installment of a three-part series, this piece examines the attitude toward debt in Japan, the world's second-largest economy.
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