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Yes, it is domestic (retirement savings) - but it is still debt and will need to be repaid. Due to Japan's demographics, pretty soon.
by jazzyk 10y ago
Yes, 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.