Tuesday, August 4, 2009

A fiscal frailty

Every September, on “respect for the aged” day, Japan’s government gives each citizen who turned 100 in the previous year a silver sake cup. This year, however, recipients could be forgiven for feeling short-changed. To ease the budget burden created by surging numbers of elderly – about 20,000 centenarians are expected to need congratulating this year – officials have cut the amount of silver used to cast each cup from 94g to a miserly 63g. ....
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