5 ms·

https://www.marketwatch.com/investing/bond/tmbmkjp-10y?countrycode=bx&mod=home-page https://www.marketwatch.com/investing/bond/tmbmkjp-10y?count... Looking lik

https://www.marketwatch.com/investing/bond/tmbmkjp-10y?countrycode=bx&mod=home-page https://www.marketwatch.com/investing/bond/tmbmkjp-10y?count... Looking like they have made some improvement. Not a bad curve, but a ton of improvement needed. Not in GDP though. 265% debt to gdp is absolute bananas. They still havent balanced their budget. 56% income tax rate is crazy. Then they have to deal with major population decline and aging population; without immigration? So um are they planning to cure death or something? Like anti-aging drugs or something? So perhaps they can turn their aging population into young population? Something extreme like that is Japan's only hope at this point.

staticman2 3y ago
Japan ranks number 3 in the world in life expectancy. United states is 47. Japan seems to be doing just fine so far.
- mproud 3y ago
  There was an article a short while back explaining how older people in Hapan who died weren’t being reported, because younger family members were collecting their social security, and that these deaths weren’t being accounted for and inflating the reported life expectancy number.
  - aidog 3y ago
    As a Japan resident, I am very sure that this is not happening on a big scale, considering the logistics involved in such a deception.
- Supermancho 3y ago
  Life is important and longevity is desirable, granted. Life expectancy rank is a negative when talking about future demographics (the pyramid). For most of the world, it's inverted. This includes Japan. https://en.wikipedia.org/wiki/Demographics_of_Japan https://en.wikipedia.org/wiki/Demographics_of_Japan
toyg 3y ago
> 265% debt to gdp is absolute bananas. They still havent balanced their budget. The question is: do they really have to? Balancing budgets is a point of economic orthodoxy in some circles, but Japan in many ways is the proof that keynesism can be sustained for generations. In the end, most of that debt is held by the Japanese themselves; as long as the country continues to effectively believe in its own future, that debt will not be a problem. > 56% income tax rate is crazy Why? If it works, it works. It worked in Europe and the US too, before Reagan and Thatcher brainwashed us. > Then they have to deal with major population decline and aging population That is indeed an issue, but again - it's largely an issue for countries that have already spent their social-security money. Is Japan one of them? I honestly don't know.
- ecshafer 3y ago
  This is obviously a tough call, but I think without fixing the population growth issue, Japan would have to fix this eventually. Otherwise the economy will start shrinking blowing the issue up.
- jibe 3y ago
  Just knowing the tax rate tells you almost nothing about tax burden. The US had high tax rates, but that’s not what people paid. There was an extensive system of deductions that were also eliminated when rates came down. Japan is right at OECD average, just a couple spots above in tax burden for an average worker, and tax to GDP ratio. So people don’t pay the 56% published rate.
- incomingpain 3y ago
  >The question is: do they really have to? Balancing budgets is a point of economic orthodoxy in some circles, but Japan in many ways is the proof that keynesism can be sustained for generations. Japan is on the verge of societal collapse. Their PM literally said that Japan is on the verge of not being a functioning society. We are looking to Japan as the example of failure. You seem to be looking at them as some sort of success? This is very confusing to me. >Why? If it works, it works. It worked in Europe and the US too, before Reagan and Thatcher brainwashed us. It didn't work... Europe has a GDP to debt ceiling which is being enforced. This has resulted in Spain -50% their social nets over the last little while for example. This is also why Germany and others have a balanced budget amendment. Effectively forcing all future german politicians to balance the budget. This decision will give EU the world order in due course. Basically just waiting on the USA to sort of bankrupt at this point, not that bankruptcy is a thing for countries. Though I do expect India will follow up in China's demise. >That is indeed an issue, but again - it's largely an issue for countries that have already spent their social-security money. Is Japan one of them? I honestly don't know. Because of this debt. Japan has basically lost decades. They are still stuck in the 90s effectively. They pay so much money on servicing their debt, their social nets practically dont exist and are shrinking nonstop.

staticman2 3y ago

Japan ranks number 3 in the world in life expectancy. United states is 47. Japan seems to be doing just fine so far.

mproud 3y ago
There was an article a short while back explaining how older people in Hapan who died weren’t being reported, because younger family members were collecting their social security, and that these deaths weren’t being accounted for and inflating the reported life expectancy number.
- aidog 3y ago
  As a Japan resident, I am very sure that this is not happening on a big scale, considering the logistics involved in such a deception.
Supermancho 3y ago
Life is important and longevity is desirable, granted. Life expectancy rank is a negative when talking about future demographics (the pyramid). For most of the world, it's inverted. This includes Japan. https://en.wikipedia.org/wiki/Demographics_of_Japan https://en.wikipedia.org/wiki/Demographics_of_Japan

toyg 3y ago

> 265% debt to gdp is absolute bananas. They still havent balanced their budget. The question is: do they really have to? Balancing budgets is a point of economic orthodoxy in some circles, but Japan in many ways is the proof that keynesism can be sustained for generations. In the end, most of that debt is held by the Japanese themselves; as long as the country continues to effectively believe in its own future, that debt will not be a problem. > 56% income tax rate is crazy Why? If it works, it works. It worked in Europe and the US too, before Reagan and Thatcher brainwashed us. > Then they have to deal with major population decline and aging population That is indeed an issue, but again - it's largely an issue for countries that have already spent their social-security money. Is Japan one of them? I honestly don't know.

ecshafer 3y ago
This is obviously a tough call, but I think without fixing the population growth issue, Japan would have to fix this eventually. Otherwise the economy will start shrinking blowing the issue up.
jibe 3y ago
Just knowing the tax rate tells you almost nothing about tax burden. The US had high tax rates, but that’s not what people paid. There was an extensive system of deductions that were also eliminated when rates came down. Japan is right at OECD average, just a couple spots above in tax burden for an average worker, and tax to GDP ratio. So people don’t pay the 56% published rate.
incomingpain 3y ago
>The question is: do they really have to? Balancing budgets is a point of economic orthodoxy in some circles, but Japan in many ways is the proof that keynesism can be sustained for generations. Japan is on the verge of societal collapse. Their PM literally said that Japan is on the verge of not being a functioning society. We are looking to Japan as the example of failure. You seem to be looking at them as some sort of success? This is very confusing to me. >Why? If it works, it works. It worked in Europe and the US too, before Reagan and Thatcher brainwashed us. It didn't work... Europe has a GDP to debt ceiling which is being enforced. This has resulted in Spain -50% their social nets over the last little while for example. This is also why Germany and others have a balanced budget amendment. Effectively forcing all future german politicians to balance the budget. This decision will give EU the world order in due course. Basically just waiting on the USA to sort of bankrupt at this point, not that bankruptcy is a thing for countries. Though I do expect India will follow up in China's demise. >That is indeed an issue, but again - it's largely an issue for countries that have already spent their social-security money. Is Japan one of them? I honestly don't know. Because of this debt. Japan has basically lost decades. They are still stuck in the 90s effectively. They pay so much money on servicing their debt, their social nets practically dont exist and are shrinking nonstop.