Isn't it why Japan, Europe and now the USA have 0/negative rates? The government literally makes money to borrow money. They can't default with negative or zero

Isn't it why Japan, Europe and now the USA have 0/negative rates? The government literally makes money to borrow money. They can't default with negative or zero rates. They are basically being bailed out by the "economy". It's sensible to be afraid of hyper-inflation. At some point the economic actors are going to be fed up with it and off-load their investments.