Friday, April 29, 2005

The Space Race and Money

SCIENCE NEWS

jaxa
http://www.space.com/news/jaxa_trouble_050428.html
Jaxa, the Japanese space program, just announced it is giving up on their recently announced plan to go to the moon which was launched when China announced they would go there. No money.

This is odd since Japan has about $200 billion a year to spend on buying US bonds to tide over the perpetually over the budget government and finances in America. Since much of the money the Japanese garnish with the uneven trade balance with America goes right back into American pockets via loans and tax cuts, one wonders if this unhealthy relationship is going to bring down Japan as a first world economy?

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