[sgbuffett]

I first heard of this high Japanese debt to GDP problem 15yrs ago and people saying it is worse than Greece in European crisis

Until now I am waiting for the "Japanese debt crisis" to happen. Not sure if it will happen before or after global warming disrupt our food supply and kill a few billion people.

Besides Japan we also have the US debt bomb and China debt bomb....Europe debt bomb is still there and growing in size since 201fn2 Euro  crisis.

.Rightfully the surge in interest rate would detonate these debt bombs. Even Singapore govt has to incur high payments for its debt in the form of treasuries and SSB. What gives?

European central bankers demonstrate it is possible to kick the can down the road so long as debt is in your own currency during European debt crisis . Asian countries were not so lucky owing USD during financial crisis.

Japanese public debt is owed mostly to Japanese households or corporations denominated in Yen. The JGBs  are ever popular something like our Singapore  T bills these days.

The secret of Japanese debt is it disappears when creditors die. Japanese are big savers and died with a million or 2 unspent..and many have no children    


.