Wednesday, July 1, 2015

Global Opinion Summit (4)

 In a Q&A session in the morning session, one of the participants asked about Japan's policy towards debt forgiveness.
 In response, Okaniwa said that debt forgiveness is a last resort, and that funding is an investmnet for the future, and unless they can pay it back, they cannot stand on their own.
 He added that once a country defaults on debts, it can never borrow again, and that it is critical to use borrowed money for future investments properly.

(source: THE JAPAN TIMES, June.6, 2015)
http://www.japantimes.co.jp/2015/06/06/special-supplements/parliamentarians-discuss-developing-economies/#.VZS3RP0w_mJ

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