Tuesday, March 22, 2011

National Pension Funds

From here:

TOKYO, March 22 (Reuters) - Economics Minister Kaoru Yosano said on Tuesday that Japan should not tap funds said aside for pension payments to fund disaster relief efforts.

"It is undesirable to use pension funds as a source of money for disaster relief, as it would destroy the basic principle of a pension fund," Yosano told reporters after a cabinet meeting.

This puts our use of the NPRF into perspective.  And Japan has a debt-to-GDP ratio of more than 200%.

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