By Michael Kohn, CNNMoneyFinancial crises are becoming more common, and as the world’s economic woes get worse, the global financial crisis seems to be getting more serious.
In fact, Japan’s economy is already struggling to recover from the financial crisis.
A major concern is how the country’s debt will be managed as the country faces an economy that’s in debt to a handful of countries.
The government of Prime Minister Shinzo Abe is considering making changes to its debt and deficit plans, according to CNNMoney.
This includes a plan to sell off assets, such as land, assets that it holds for its own use.
This could be a tough sell, especially if you’re the parent company of one of Japan’s biggest automakers.
The country’s automakers have struggled with growing debt and a weak economy since the financial meltdown.
The auto sector’s share of Japan GDP fell to 1.8% in 2020 from a peak of more than 12% in 2010.
The company’s debt has climbed from nearly 10% of GDP in the late 1990s to about 17% in 2016.
That’s a huge increase, but the government has managed to contain the financial situation and not blow up the economy.
Abe is also considering reducing the number of tax breaks and reducing taxes, including on some businesses.
That’s good news for Japanese automakers, whose shares have fallen by more than 15% since 2016.
But even if the government’s plans do make some sense, Japan could still be in a financial mess.
Japan’s debt is already staggering, with the country having about 1 trillion yen ($98 billion) in outstanding debts.
That makes Japan’s budget deficit the third largest in the world, behind only the United States and China.
Abe’s government says it’s working to manage the debt, which is the biggest in the region and one of the highest in the developed world.
The government says its budget will be balanced over the next five years, and that it will reduce tax breaks for companies.
That could help ease the pressure on the Japanese economy, which has been struggling to keep up with rising costs.
But this could be difficult.
Japan is one of three countries that has been hit with the financial crises that swept the United Kingdom, France and Germany last year.
The three countries have been struggling with high unemployment, falling consumer spending and shrinking tax revenues.