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.

To continue reading
For more than 115 years, the Southeast Missourian has written the first draft of local history. We have aspired to enrich, entertain, educate and inform. Our core values have remained firm: truth, service, quality, integrity and community. Support our mission.