3 ms·
their debt is 230% of GDP when global crisis hits again (pretty soon, I'd say), they will have major problems for now people (carry traders) are happy to borr
by sampa 2y ago
their debt is 230% of GDP
when global crisis hits again (pretty soon, I'd say), they will have major problems
for now people (carry traders) are happy to borrow yen for 0% and convert and earn 5% in USD, hence the falling yen
- resolutebat 2y agoLike the US, Japan's debt is almost entirely to itself, they can print money to get rid of it. Of course, this won't do the already weak yen any favors.
- sampa 2y agoif only printing money could solve all problems alas, but people don't like inflation
- bamboozled 2y agoJapan has been printing money forever, they have a problem with low inflation? Sorry your comment isn't really lining up with reality.
- sampa 2y agoTrees don't grow to the sky and there's no perpetuum mobile either