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> but the borrowing to fuel its growth has caught up, From what I've read, the Japanese public debt is mostly domestic, so it wasn't actually foreign money tha
by lgieron 10y ago
> but the borrowing to fuel its growth has caught up,
From what I've read, the Japanese public debt is mostly domestic, so it wasn't actually foreign money that was fueling the growth.
- jazzyk 10y agoYes, it is domestic (retirement savings) - but it is still debt and will need to be repaid. Due to Japan's demographics, pretty soon.
- lgieron 10y agoThat's true, but at least it shows that people in Japan have enormous amounts of saved capital (if they could finance all that debt).
- jazzyk 10y agoCapital, which the government is trying to diminish by desperately printing money and forcing zero- or negative- interest rates to inflate the debt.