3 ms·
> will we go through two lost decades? Growth rates in US and Japan are remarkably similar. https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=
by panarky 9y ago
> will we go through two lost decades?
Growth rates in US and Japan are remarkably similar.
https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_kd_zg&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_kd_zg&scale_y=lin&ind_y=false&rdim=country&idim=country:USA:JPN&ifdim=country&hl=en_US&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...
> the crushing amount of debt the US has collectively accumulated
The US has far less debt than Japan.
https://tradingeconomics.com/united-states/government-debt-to-gdp https://tradingeconomics.com/united-states/government-debt-t...
https://tradingeconomics.com/japan/government-debt-to-gdp https://tradingeconomics.com/japan/government-debt-to-gdp
- simsla 9y agoDoesn't mean it's not crushing.
- digi_owl 9y agoWrong debt. The problem for Japan is the amount of household debt that was accumulated during the 80s (Most of it, as with USA, Australia, and a bunch of other nations, went into housing). This put a hard clamp on domestic consumption. Only being a strong export nation has alleviated the problem until recent years, where SK and China has undercut Japan.
- deleted 9y ago[deleted]