Japan is not really the same as Greece...sure a debt groth of 10% a year is not good but that is basically the same for whole the Western World..The amount of debt is not important but the question(s) 'can they pay it back'? If they can show a realistic figure to the world that in five years they can slowly pay of their debt it is okay...
But the age problems like killiana fa posted is the problem why many think Japan will not..
But Japan is trying hard to cut the cost of 65 years demographic...Even investing in robots (to replace nurses)...And if they can find a solution then they are saved because I am sure the rest of the Western world will buy their 'solutions'....If they can not save themself then we know we should not do like them..
Don't feel sorrow with the Japanese though it is their own fault...Their are atleast 100.000 persons in the whole world who want to start a life in Japan...The kind of immigrants who would not cost money for the government but in fact gain money for them...not that it will stop the debt raise;..but it would certainly raise a lot less..but the 1940-1945 Japanese mentality still lives in their mind...japan is made by Japan and if it have to...it will end because of the Japanese.....in fact immigrants are leaving the country especially the Brazillian-Japanese..
