Japan's budget wouldn't head off a debt crisis, experts say

The New Japanese Prime Minister Is a Real Cut Up
A budget proposed by the ruling Democratic Party of Japan fails to show signs of fiscal discipline and would do nothing to avert a building debt crisis, economists said. For the second year in a row, bond sales would be the biggest source of revenue to pay the government's bills. Japan's debt is expected to amount to 184% of gross domestic product by the end of March. Full story here