kowenicki said:
True, but a hell of a lot of Japanese Government debt is owned by its own citizens. But yes, Japan is pretty much the mst debt ridden country on the planet (over 200% of GDP). Its a total mess. |
95% of it is debt is to domestic companies and people and the costs of that debt is around 1%. So they are probably paying less for that 200% than most of Europe.
Also unlike USA i think they weren't printing empty Yen in recent years.
Switzerland had to threat investors they will print money without limits as long as CHF is too close to Euro to stop the insane exchange rate.
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