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At some point, borrowing costs will rise and then they are in big trouble.
by jazzyk 11y ago
At some point, borrowing costs will rise and then they are in big trouble.
- Retric 11y agoPerhaps, it's an odd situation. If you exclude the Bank of Japan's holdings Japan's debt to GDP ratio is ~70%. It's as if the FED used QE to increase the money supply and ended up owning most US public debt. Sure, on paper it would look bad, but there would be nobody to pay back that debt to.