Another leader who believes that cutbacks produce prosperity. Japan was one of the few bright spots that I mentioned in my 2010 Outlook. It's not anymore.
|Prime Minister Naoto Kan renewed his call on Monday for tax reform including a possible doubling of the sales tax to rein in Japan's huge debt, as ratings agency Fitch warned the country needed a credible fiscal reform plan.|
And he's kowtowing to a rating agency!! Ugh!!!!