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> The USA did this during the COVID era. Japan has being doing this for decades now and, AFAIK, there hasn't been any terrible consequences. What are they doin
by criddell 3y ago
> The USA did this during the COVID era.
Japan has being doing this for decades now and, AFAIK, there hasn't been any terrible consequences. What are they doing differently?
imf.org says Japan's dept to GDP ratio is 214% and the US' is 110%.
- phmqk76 3y agoJapan’s story is different - Japan has been battling deflation for decades at least partially as a result of a rapidly aging population with zero desire to import workers. Which is not a judgment of Japan, which instead chose to provide a much higher per capita stimulus to its people with a focus on the quality of life of the average citizen.
- jimbokun 3y agoJapan's GDP today is roughly the same as it was in 1995: https://www.statista.com/statistics/263578/gross-domestic-product-gdp-of-japan/ https://www.statista.com/statistics/263578/gross-domestic-pr...
- criddell 3y agoThat's pretty remarkable considering their aging population.
- rspoerri 3y agojapan is mostly in depth to its own residents, while the us is owned by china. update: first thing remains true. but china owns less parts of the us depth by now, its more distributed among other countries.
- deleted 3y ago[deleted]
- dilyevsky 3y agoPerhaps not the best example to pick - https://en.m.wikipedia.org/wiki/Lost_Decades https://en.m.wikipedia.org/wiki/Lost_Decades
- criddell 3y agoJapan's ranking on the Human Development Index is ahead of the US. Do you think if they had charted a different economic course Japanese citizens would have a wildly better quality of life compared to US citizens rather than just being slightly better? https://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index https://en.wikipedia.org/wiki/List_of_countries_by_Human_Dev...