Japan is doing just fine. Most economists accept that it will keep on like that for a long, long time. Since their debt is in yen, in the far future they can s

Japan is doing just fine. Most economists accept that it will keep on like that for a long, long time. Since their debt is in yen, in the far future they can still reset their currency. Germany has done this twice in the 20th century and while it was certainly a disaster for people who has saved some money, the economy always recovered quickly. It's the same for everyone predicting doom for the US. Let's not forget that even a currency reform does not wipe out a country. It merely wipes out all wealth stored in banks. It's bad, but it's not worth keeping everyone worried for decades, when it might just happen once in a century.