NEW YORK ( TheStreet) -- Japanese Prime Minister Shinzo Abe was once heralded as the white knight who would defeat Japan's prolonged deflation. His grand scheme, however, may be diverging off course.The issue revolves around Japan's immense debt load. The country's current percentage of debt to gross domestic product stands at around 211%. Sales tax hikes were planned for 2014 in order to reform fiscal policy and cut into the astounding level of debt.
Global Macro: Japanese Jitters
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