Japan Gets to Know a Quadrillion as Debt Hits New High

Discussion in 'Indo Pacific & East Asia' started by t_co, Aug 10, 2013.

  1. t_co

    t_co Senior Member Senior Member

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    Japan Gets to Know a Quadrillion as Debt Hits New High - Businessweek

    Abe should tread lightly and learn to swallow his pride on the islands, lest China and South Korea detonate the fragile JGB market in the middle of his economic restructuring operation.
     
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  3. SamwiseTheBrave

    SamwiseTheBrave Regular Member

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    empty threats, you make.... for the americans have a tight leash on soko and you can be sure they will use their leverage over you economically so that japan is not harmed.... too much.
     
  4. CCTV

    CCTV Regular Member

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    With the debt about 250% of its GDP( and the debt is growing fast), Japan will be other Greek very soon(2018),
     
  5. Known_Unknown

    Known_Unknown Devil's Advocate Stars and Ambassadors

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    I believe "public debt" is the debt that the government owes to lenders, whether they be Japanese or foreign lenders. I'm not sure what proportion of lenders in Japan's case are foreigners, but in any case, this is not very serious because the government can easily raise the money through taxes or reducing interest rates or merely refusing to pay the debt. It's exactly what Nixon did in the US when he got rid of the Bretton Woods system:

    https://en.wikipedia.org/wiki/Nixon_shock
     
  6. CCTV

    CCTV Regular Member

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    If Japan is the US in last century , it will not be a big problem....
     
  7. cw2005

    cw2005 Regular Member

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    most Japanese debts are held by Japanese. As far as Japan's citizen tolerate their government, Japan will not be another Greece.
     

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