Crushing of bubble economy, the world-wide economic crisis in 2008 and the big earthquake in March 2011,etc.,had made Japanese economy declined for 20 years. Because of that, a series of expansive fiscal policy were taken by the government, such as issuing more treasury bonds and reducing tax, made today's Japanese fiscal crisis. Like a mirror of Japanese economy, Japanese financial status can absolutely reflect the development of Japanese economy. As the aging society comes, the social security expense increases, which leads to a more serious financial crisis,Japan drops into a vicious circle, i.e., bad economy→national debt→heavy financial loading→worse economy.
<<