Quote:
Originally Posted by Gigi3000
Their national debt is worse than ours, I believe.
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It seems their demographic pretty much aged into retirement coupled with a low birthrate. That may have something to do with it. I really know almost nothing about the situation in Japan.
"A flurry of big spending packages and ballooning social welfare costs for a rapidly ageing population have left Japan with a debt pile 263% the size of its economy - double the ratio for the United States and the highest among major economies."
From: Analysis: Japan'''s debt time bomb to complicate BOJ exit path | Reuters.
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Last edited by manaboutown; 05-18-2023 at 03:09 PM.
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