2 ms·
> At the moment, we're still able to borrow cheaply mainly to the dollar being the reserve currency of the world, and due to the petro dollar program […] Japan
by throw0101b 3y ago
> At the moment, we're still able to borrow cheaply mainly to the dollar being the reserve currency of the world, and due to the petro dollar program […]
Japan can borrow cheaply and does not have those 'advantages'. So can Germany, France, Canada, etc—often at rates lower than the US:
* https://www.investing.com/rates-bonds/world-government-bonds https://www.investing.com/rates-bonds/world-government-bonds
- slantedview 3y agoIndeed - that they accomplish this without the benefit of being the world's reserve currency means that in some ways they're in a more stable position than we are.