Ultimately the task of preventing a debt crisis may fall to the role of the BOJ (Bank of Japan), and whether Japan’s private sector can innovate to boost growth, said Richard Koo. Salgado said that a (politically unpopular) further hike in consumption tax rate is the best solution (or spending cuts)

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1. “While the GX bonds are to be repaid through a carbon tax and carbon pricing scheme, Kishida’s government has yet to settle on a plan to cover the defense and child-rearing outlays.” – say what? we already use much less energy per capita than many countries, let’s saddle the sheep with this bond print, wtf?

   “The central bank cannot get out of monetizing government debt,” Sasaki said. “The Bank of Japan will probably buy debt if we run into trouble from here. I’m not saying this in an optimistic sense, but in a pessimistic sense.” No kidding?

   It’s difficult to imagine a debt crisis in Japan.“ – go to the supermarket, check the fuel and energy prices, lumber