Japan’s Finances Are Getting Worse And Worse

Dr. Michael LaitmanIn the News (from Bloomberg): “‘Japan’s finances are getting worse and worse every day, every second,’ Takahira Ogawa, director of sovereign ratings at Standard & Poor’s in Singapore, said in an interview. Asked if that means he’s closer to cutting Japan, he said it ‘may be right in saying that we’re closer to a downgrade. But the deterioration has been gradual so far, and it’s not like we’re going to move today.’

“S&P has had Japan on a negative outlook since April. Ogawa said the nation needs a ‘comprehensive approach’ to containing its debt burden, which the government projects will exceed 1 quadrillion yen ($13 trillion) in the year through March as the nation pays for reconstruction.

“‘The events in Europe show us that when you lose market confidence at some point, the situation deteriorates fast,’ Ogawa said. ‘Politicians need to act with the understanding that they’re running out of time’ to fix the nation’s finances. ‘If you don’t act early, it’ll become even more difficult’ to maintain market trust, he said.”

My Comment: During 2012, many countries will “catch up” to Japan and the U.S. The general crisis will force the world to reconsider their attitude towards life, that is, to balance giving and receiving, to live in order to be filled with the highest fulfillment, the revelation of the existence at the level of Adam—common bestowal and reception into the common desire. In this, humanity will reveal the next level of existence: the world of eternity and perfection.

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