ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Japan's gray rhino: Towering debt that grows on reckless handouts

As China grapples with debt, another crisis brews silently next door

A "gray rhino," a term coined by American writer Michele Wucker, refers to a highly probably threat that nevertheless ends up ignored. (Source photos by Reuters)

TOKYO -- Four years ago, China's People's Daily published an unusual commentary on its front page.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more