Japanese Economist Daisuke Kotegawa: A Financial Catastrophe, Accompanied By A Global Collapse, Could Happen In The Immediate Weeks Ahead

Saturday, October 12, 2013
By Paul Martin

October 11th, 2013

Preparing For a US Debt Crisis!

Kotegawa Warns of Imminent Financial Collapse

The Russian weekly Zavtra of October 10 published a Q&A with Japanese economist Daisuke Kotegawa in its front-page “Off the Cuff” column. The question was, “What is your evaluation of the current global financial situation?” Kotegawa’s reply, as published in Zavtra:

“My experience and research indicate that a financial catastrophe, accompanied by a global collapse, could happen in the immediate weeks ahead, unless the leaders of the major economic powers adopt certain specific, tough measures. The crisis is linked with the situation in the United States, where political disputes have led to a freeze-up of the budget process and a rejection of attempts to raise the debt ceiling. Because of this, my view of the overall situation is extremely skeptical.”

Zavtra identified Kotegawa as former Executive Director for Japan at the IMF (2007-2009) and current Research Director at the Canon Institute for Global Studies. The newspaper has a print circulation of 100,000 copies and is read throughout the Russian political establishment.

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