Quadrillion
Japanese public debt now officially hits a quadrillion and with almost zero interest rates and a large aging population - i wonder when the cracks will start showing. My bet is within the next 6 months.
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Re: Quadrillion
Originally Posted by UKCityGent
(Post 10844132)
Japanese public debt now officially hits a quadrillion and with almost zero interest rates and a large aging population - i wonder when the cracks will start showing. My bet is within the next 6 months.
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Re: Quadrillion
Originally Posted by Millhouse
(Post 10844425)
If interest is zero and it can roll the principal, surely they can keep going for ever... ;)
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Re: Quadrillion
How much of it is external debt? With 0% interest , must be all internal debt?
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Re: Quadrillion
Originally Posted by UKCityGent
(Post 10844132)
Japanese public debt now officially hits a quadrillion and with almost zero interest rates and a large aging population - i wonder when the cracks will start showing. My bet is within the next 6 months.
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Re: Quadrillion
Originally Posted by Bahtatboy
(Post 10845336)
Big difference from the west: most of their pensioners cost the state very little.
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Re: Quadrillion
Originally Posted by Bahtatboy
(Post 10845336)
Big difference from the west: most of their pensioners cost the state very little.
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Re: Quadrillion
Originally Posted by The Dean
(Post 10846257)
I believe the Japanese tradition is that Granny and Grandad live with the family, rather than being sub-contracted out to care homes........ there are lots of them though - the post-war baby boomers are all in early retirement now and there were vast numbers of those.
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Re: Quadrillion
Originally Posted by The Dean
(Post 10846257)
I believe the Japanese tradition is that Granny and Grandad live with the family, rather than being sub-contracted out to care homes........ there are lots of them though - the post-war baby boomers are all in early retirement now and there were vast numbers of those.
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