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As far as i know japanese governemnt debt is bought by japanese savers. So the balance is off kilter sure, but it's not "collapsing". So is this just another in
by hacker-3 14y ago
As far as i know japanese governemnt debt is bought by japanese savers. So the balance is off kilter sure, but it's not "collapsing". So is this just another internet libertarian ideological warrior anecdote?
- da02 14y agoThe title does seem sensationalist, but it's probably due to his anger at politicians: They wanted to raise taxes and inflate the yen. If the BMW crowd is worried about the future, imagine what the other classes will have to endure and how worse things will get when they raise taxes and inflate the yen. At least that's how I interrupted the article.
- snogglethorpe 14y agoJapan is certainly having problems, but I would treat this article with a grain of salt. The author comes off as yet another entitled-yet-clueless gaijin-inna-bubble. The people he talked to are essentially the "parasite class", who spend lots of money on things like BMWs and aping American lifestyles; they're not representative of most Japanese. [A blog called "modernmarketingjapan" doesn't exactly inspire confidence either...]