Japan’s growing debt mountain: Crisis, what crisis?

4 comments

1. Yeah…. The non-Crisis until it suddenly is a Crisis when shit hits the fan.

   It will at least be interesting to see what these clowns come up with in the coming years. LoL

2. 50% of Japan’s government debt is owned by the government. Not nearly as dire as they would have us believe.

3. Until average Taro Sato realizes that the jig is up.
   They can’t raise rates without spurring huge purchases (printing) of their own bonds. And when they do purchase the yen drops. When it hits about 180 the unchi will utsu the senpuki.

4. I’ve been on about this for years because it is a major concern. Whilst it is the government that owns 50% of the government debt there is no way it won’t cause a ripple effect.
   With all the other factors, Japan is losing ground on most things that made them the success of Asia. Cars? Korea is slowly taking over (or might already, haven’t checked in a long time), electronics? Again, Korea going strong.

   Then there’s the issue with decreasing population and Japans refusal to get with the times.

   I do love japan and living here is very pleasant even tho I bitch about everything, but is this island going to become what it was once before?