Why Japan’s Debt Is So Huge… But It’s Fine
Japan’s national debt is massive. Over 250% of its economy. If this was any other country, it would be a crisis. So why is Japan still fine? First, most of this debt is owned by Japanese citizens and institutions, not foreign countries. That means the money stays inside Japan’s economy. Second, Japan’s central bank keeps interest rates near zero. Borrowing is cheap, and paying interest isn’t crushing the budget. Third, Japan is an extremely stable, wealthy nation. People trust the government won’t default, so there’s no panic.
Japan has one of the highest national debts in the world — over 250% of its GDP. So why hasn’t it collapsed? Discover the surprising truth in under 60 seconds. #Japan #Economics #MindMint
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