NJ5 said:
Yes their GDP is more than $4 trillion, so they have around $8 trillion in debt. Interestingly, almost all their debt is owed to Japanese people. They have big savings so the government doesn't have to go borrow from foreigners.
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Yes, much of Japan's debts are national, hence ever so often the public gets a cash-back.
You are also right in pointing out the debt's own by the other G countries, it's shockimg.
China holds the key to a lot of what is happening.
The debt the US\West owes China is enormous. The west really need China to help them out.
I read there is a meeting coming up about this.
In Japan's case China has now become it's biggest exporter, taking over from the US.
With more and more chinese citizens moving up to "middle class" status and with it's economy still growing this is a massive bonus for Japan.
