As the sun of the world economy sinks slowly in the East there is an air of panic now in some quarters, notably those where either elections are due or they have realised, too late, that the mess from last time has not yet been cleared up.
There has been a good deal of discussion and anxiety about Japan is ceasing to be one of the engines of the world economy and is now simply trying to keep things on hold by large scale monetary activity that is unusual and risky.
But around the web it is not all doom and gloom. There are those who hope for the best. There are others who think that our world leaders can agree solutions and action. But there are many who think all our times have come.
A more sanquine view is taken by Frances Coppola if you follow the link to her Pieria article which is longish and discursive. It is still not good news for those who demand ever increasing growth or expansion. It suggests that an ageing Japan might just be able to potter on.
But Japan's overall situation is not the same as others. So this option is not available to all the high debt nations. The people who do population point to nations with a growing number of old contrasting with those of growing numbers of young with little future. Their idea is to move the young to the ageing economies.
But why not send the old to where the young are?