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This article is more about Japan's large debt crisis than anything else. Japan is at 253% Debt/GDP, while USA is at 105%. Even Greece is at 180% which is alread
by babaganoosh89 8y ago
This article is more about Japan's large debt crisis than anything else. Japan is at 253% Debt/GDP, while USA is at 105%. Even Greece is at 180% which is already considered very bad. For other economies there's time to balance the budgets, for Japan not so much.
- seanmcdirmid 8y agoJapan does owe most of its debt to itself in its own currency. Greece had a bunch of German creditors breathing down its back and no control over the euro. Japan’s huge debt has as much to do with the saving habits of its people as it does with too much debt-based spending.