3. JAPAN - Debt: The new 'kamikaze'

The country's external debt per capita is $19,148.

It's national debt is 225.8% of GDP.

Japan's economy, the world's third largest, has slid back into recession after the devastation caused by the earthquake and tsunami in March.

It's Gross domestic product shrank 0.9% in the first three months of the year.

For the past two decades (1990s), the country has been in state of economic stagnation.