Japan's Government Could Run Out Of Cash By October

TOKYO (Reuters) - Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.

ASK NEWS:
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    ... in September, but lawmakers are expected to focus on government funding bills ahead of the Sept. 30 deadline to keep the government open.
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BING NEWS:
  • How to reform Japan’s corporation tax system
    It is therefore the corporate sector which must take the brunt of any fall in government borrowing through a similar decline in the sector’s net lending. Current tax arrangements and regulations are the key cause of the massive cash surpluses run by ...
    11/18/2014 - 3:51 pm | View Link
  • Japan's negative yields show BOJ's limits, as easing expectations rise
    The BOJ already buys most of the government's issuance of debt. Last week, it paid financial institutions more for three-month, and then six-month, government debt than it will receive when the bills are redeemed, traders said. This force-feeding of cash ...
    09/15/2014 - 8:28 pm | View Link
  • Fukushima: Japan’s Cut-Price Nuclear Cleanup: Human Error, Plummeting Morale and Worker Exodus 福島は割引清掃
    If it seems odd that the utility is running out of cash to clean up from the world’s worst nuclear disaster since Chernobyl, that’s because it is, says Watanabe. “Every penny the company spends in Fukushima ... and the government will run out of ...
    11/3/2013 - 11:00 am | View Link
  • Japan’s very own fiscal cliff
    From the FT’s Ben McLannahan: In an echo of worries in the US over the $600bn of spending cuts and tax increases due to take effect in January – the so-called fiscal cliff ... run out of money. On the upside, the government says it has enough cash ...
    10/25/2012 - 5:32 am | View Link
  • WHOA: Japan Has Its Own Fiscal Cliff, And People Are Actually Talking About A Risk Of Imminent Technical Default
    If they don't, Japan faces its own fiscal cliff. And Thompson says that if Japan can't pass legislation approving additional bond sales by the end of November, when the government is expected to run out of cash, then the Ministry of Finance "may be forced ...
    10/25/2012 - 2:17 am | View Link
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BING SEARCH:
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    The assumption that bank deposits can be rapidly converted into cash does not hold up, in our opinion. If everybody wanted to take their cash out of the ...
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  • Japan’s economy
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  • Japan's Universal and Affordable Health Care: Lessons for ...
    Japan's health care system is characterized by universal coverage, free choice of health care providers by patients, a multi-payer, employment-based system of ...
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