They said Japan would collapse with their spending (which is far more then ours per cap). Not only has that claim been proven false it has been the opposite.
Japan has the highest debt-to-GDP ratio in the world at 262%. The country's debt has been above 100% of its GDP for more than two decades. This is due to a combination of factors, including economic policies and an aging population.
Japan has the highest debt-to-GDP ratio in the world at 262%. The country's debt has been above 100% of its GDP for more than two decades. This is due to a combination of factors, including economic policies and an aging population.