> Japan is great, because they realized that if you stop giving a fuck about public debt you can make a great country happen.
Japan can largely ignore its public debt because its mostly owned by the Japanese themselves, and thus contained within the nation & erodible via inflation.
Most other countries are restricted from doing this due to the massive foreign ownership of national debt, & ending up in hands/firms/governments outside of their nation.
Japan can largely ignore its public debt because its mostly owned by the Japanese themselves, and thus contained within the nation & erodible via inflation.
Most other countries are restricted from doing this due to the massive foreign ownership of national debt, & ending up in hands/firms/governments outside of their nation.