Quote:
Originally Posted by tony286
And you work in finance? Japans debt was 200% of gdp and they never defaulted.
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Hmmmm.....
"With the population aging,
domestic demand (which has been almost all of demand) for Japanese Government Bonds is likely to fall. A crisis could develop very quickly, in that even a small rise in interest rates could cause a large sell off in JGBs owned by banks and foreigners, and a disruptive rise in government interest costs."
Japan government debt
Risk of Bond Market Revolt in Japan: Expert