Japan must act on unsustainable debt and deficit, IMF says

International Monetary Fund [oct 25]                           
Japan is headed for trouble if it doesn't find a way to deal with its debt burden and fiscal deficit, said Naoyuki Shinohara, deputy managing director of the International Monetary Fund. "If you look at Japan's outstanding debts and fiscal deficits, I think they are not sustainable over the medium and long term," he said. Full story here