I remember hearing somewhere a long time ago (maybe in school) that Japan's government does not have any debt. I tried looking around on line to learn about its government but I can't find anything. Anyone know?
Government - 5 Answers
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1 :
Oh you betcha, but it's somewhat sustainable since their country has a lot of external wealth. Its debt is the highest of all industrialized countries at 180% GDP. External wealth grows because Japanese banks lend huge sums of money to foreign investors at low interest rates, which attract investors. The external wealth helps Japan overspend and keep its expenditure very high.
2 :
Every government has some sort of debt!
3 :
Every Country has debt and every big corporation has debt...
4 :
Yes that was many years back when Japan was on a roll they had zero debt They felt the city of Tokyo was worth more the all of the state of Calif They were calling Americans stupid and lazy there was talk that they would be the next world banker They were buying up property in the U S all over the place Yes they have debt and yes they are not doing that well and i know you well understand I'm enjoying it One Japanese business man bought a gulf course called Pebble Beach and said he would only let Japanese tourist play it He is now broke Sure wish i knew how to get hold of him would love to write him
5 :
u.s borrow billions of dollars from from japan, china and s. korea so you go figure ....
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