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Japans debt is 300% of their GDP and yet their society seems to work a lot better than the US. Maybe there’s more to economics than debt ratios.
by amrocha 2y ago
Japans debt is 300% of their GDP and yet their society seems to work a lot better than the US. Maybe there’s more to economics than debt ratios.
- roenxi 2y agoWell, yes. Japan as a nation is a net creditor. Net creditor don't generally struggle when paying back their debts. The question of where the money will come from has an obvious answer. If the US was a net creditor then the story would be completely different.
- imwillofficial 2y agoJapan's currency is in the toilet. They are struggling.
- amrocha 2y agoThe value of a currency has nothing to do with how that country’s economy is doing. It’s mostly a factor of international trade. That has nothing to do with debt ratios.