Greece Is (Not) the Word in Japan

Greece Is (Not) the Word in Japan

The situation in Tokyo bears no similarity to the euro-zone crisis era in Athens. The comparison drawn by Shigeru Ishiba is reckless and irresponsible.

Capital.com: Why Japan’s fiscal crisis isn’t sinking its currency - Wealth DFM

Japan is currently grappling with significant fiscal challenges, highlighted by Prime Minister Shigeru Ishiba’s recent statement to parliament that the country’s fiscal situation is worse than Greece’s during its 2010 crisis.This alarming comparison has intensified scrutiny of Japan’s debt structure; however, the yen has been rising. Japan’s debt crisis: A growing concern Japan’s public debt is among the highest globally, with a debt-to-GDP rati…

Japan has managed to live with enormous debt for many years. In relation to GDP, it is the most indebted country in the world. It has managed to avoid a debt crisis, among other things, thanks to the fact that its creditors are local institutions, companies and households. This is a big difference compared to Greece, which fell into a debt crisis in 2008. What is happening on...