Quadrillion

Old Aug 10th 2013, 1:46 pm
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Default 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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Old Aug 10th 2013, 5:52 pm
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Default Re: Quadrillion

Originally Posted by UKCityGent View Post
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.
If interest is zero and it can roll the principal, surely they can keep going for ever...
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Old Aug 11th 2013, 6:02 am
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Default Re: Quadrillion

Originally Posted by Millhouse View Post
If interest is zero and it can roll the principal, surely they can keep going for ever...
They'll have to invent a new type of calculator to work everything out.......
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Old Aug 11th 2013, 6:14 am
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Default Re: Quadrillion

How much of it is external debt? With 0% interest , must be all internal debt?
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Old Aug 11th 2013, 2:06 pm
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Default Re: Quadrillion

Originally Posted by UKCityGent View Post
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.
Big difference from the west: most of their pensioners cost the state very little.
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Old Aug 12th 2013, 4:56 am
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Default Re: Quadrillion

Originally Posted by Bahtatboy View Post
Big difference from the west: most of their pensioners cost the state very little.
Yup, they have a different set of issues but don't have the huge welfare and pensions bills we have.

N.
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Old Aug 12th 2013, 7:42 am
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Default Re: Quadrillion

Originally Posted by Bahtatboy View Post
Big difference from the west: most of their pensioners cost the state very little.
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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Old Aug 12th 2013, 8:33 am
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Default Re: Quadrillion

Originally Posted by The Dean View Post
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.
Yes, but Japanese state pensions are very low, and virtually all healthcare costs are privately financed. That's not to say that it doesn't just shift the problem elsewhere...
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Old Aug 12th 2013, 8:54 am
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Default Re: Quadrillion

Originally Posted by The Dean View Post
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.
I would hate this. I can't wait to shove the old man into the home and only visit at Christmas.
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