Japan’s Debt Burden Is Quietly Falling the Most in the World
- Government debt is shifting from private hands to central bank
- Explicit monetization could still be a ‘suicide policy’
Japan's Debt Burden Quietly Falling
This article is for subscribers only.
Japan for years has been renowned for having the world’s largest government debt load. No longer.
That’s if you consider how the effective public borrowing burden is plunging -- by one estimate as much as the equivalent of 15 percentage points of gross domestic product a year, putting it on track toward a more manageable level.