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"As of 2022, the Japanese public debt is estimated to be approximately US$12.20 trillion US Dollars (1.4 quadrillion yen), or 266% of GDP, and is the highest of
by _plg_ 4y ago
"As of 2022, the Japanese public debt is estimated to be approximately US$12.20 trillion US Dollars (1.4 quadrillion yen), or 266% of GDP, and is the highest of any developed nation."
https://en.wikipedia.org/wiki/National_debt_of_Japan https://en.wikipedia.org/wiki/National_debt_of_Japan
- axlee 4y agoAlso unique in that the public debt is mostly held by citizens or local corporations (92%). For reference, that figure is ~75% for the US, and between ~75 and 50% for most EU countries. Fun fact, the largest foreign debt holder of the US is...Japan.
- FabHK 4y agoMore: * Huge asset bubble in the 1980's. * The Nikkei 225 stock market indicator reached a high of about 40k in 1989, but dropped to a quarter with the collapse of that asset bubble, and has not recovered that yet (it just recently hit 30k). This period was known as the "lost decade" [1] * Japan has had very low (near zero) rates for nearly three decades, more than twice as long as the rest of the world. * Demographics: the transition to low birth rates, shrinking and ageing population started earlier than most other countries [1] https://en.wikipedia.org/wiki/Lost_Decades https://en.wikipedia.org/wiki/Lost_Decades
- martincmartin 4y agoI believe Nikkei total return, i.e. with dividends reinvested, is higher than in 1989. So even money invested in 1989, if not touched, eventually outperformed cash. But it took a while.
- FabHK 4y agoI had a quick look at the TOPIX total return index and it looks plausible (not sure there is a total return version of the Nikkei 225).