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financial tsunami

The year is 2020, and the world is about to get hit by the next financial tsunami…(+ **competition time**)

The year is 2020, and at the centre of the financial tsunami is Japan.  Another decade of very low single digit growth has meant that debt to GDP has steadily climbed from 200% in 2010 to 300%, which is considerably higher than any other country.  Another ‘lost decade’ has meant that the Japanese government has been unable to meaningfully cut back on spending or increase taxes, since such behav…

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