BRICS+ Japan Joining BRICS Could reduce debt Risk | BRICS+ Savoir of Struggling Economies?

Japan’s debt problem dates back to the 1990s, when the country’s economy experienced a severe recession after a period of rapid growth. In an attempt to stimulate the economy, the government embarked on a series of fiscal stimulus packages, which included large-scale public works projects and tax cuts. These measures led to a sharp increase in government spending and a corresponding increase in government debt. Since then, Japan has continued to run large fiscal deficits, which have contributed to the growth of its debt. The government has also struggled to control spending, particularly on social welfare programs, which has further added to the debt burden. One of the most significant risks associated with Japan’s debt is the potential for a fiscal crisis. If the government is unable to meet its debt obligations, it could trigger a financial crisis that could have severe consequences for the global economy. Japan’s debt is so large that even a small increase in interest rates could lead to a significant increase in debt servicing costs, which would put further strain on the government’s finances. To address this risk, Japan has taken a number of measures to reduce its debt burden. One of the most significant of these measures is the implementation of a consumption tax, which was first introduced in 1989 and has been raised several times since then. The consumption tax has helped to increase government revenue and reduce the deficit, although it has also been criticized for its potential impact on economic growth. Exploring interesting business, economic and geopolitical trends related to world affairs, science, technology, engineering, state of the art reinventions of mobility and the transition to a zero-carbon future impacting our lives, civilization and development. Weekly dive and analysis. “How they did it“ and “How it impacts our lives today.“ Kindly Subscribe and hit the notification bell to learn something every day. ► Video Transcripts available on our website at ▬▬▬▬▬▬▬▬▬ ✅FINANCIAL DISCLAIMER This channel’s content should not be interpreted or construed as financial advice. We are not, and do not claim to be, an attorney, accountant, or financial advisor. This channel’s content is not a substitute for financial advice and is solely for entertainment purposes. ▬▬▬▬▬▬▬▬▬ ✅COPYRIGHT DISCLAIMER Exploratics does not own some of the materials compiled in their videos. It belongs to people or organizations who ought to be respected. If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. “Fair use“ is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research. ▬▬▬▬▬▬▬▬▬ ✅ Please contact us first if you are the author or owner of any material used herein, but your authorship has not been indicated or you object to its use: exploraticschannel(at)