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Japan calls for more than short-term fix to U.S. budget dispute

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Japan expects this issue to be resolved once and for all without delay, Taro Aso, the deputy prime minister and finance minister, told reporters in Washington.

So did the American Taxpayers.

13 ( +12 / -0 )

“Japan expects this issue to be resolved once and for all without delay,”

Ummm... Aso, own back-yard? Highest debt of all advanced nations?

10 ( +14 / -5 )

@paulinusa, I don't believe he mentioned the Republicans at all in what is posted above. He's asking for a fix to the financial problem, which, as most of us believe, has nothing to do with the other health deals that are being talked about... no?

8 ( +10 / -1 )

Japan AND the American people both want more than a short term "fix".

8 ( +9 / -1 )

Are current entitlements sustainable? Shall we increase entitlements? What is the breaking point? This stalemate fiasco with maximum public pain is appalling for both parties. There are few in political office who truly deserve their positions.

Sadly the US public tolerates the lies, scandals, and cheating politicians. Few choose to resign, many hold on til the end and some are forgiven. These are our leaders, we should hold them to a higher standard and they should know that.

4 ( +6 / -2 )

Republicans want to destroy our planet and the tea party is a blind group that doesn't understand macro economics. If you shut down blood to the cells, the cells and the entire body will die. That will be the consequences of the default. people will lose job, companies will bankrupt and people will die without money circulating in the market.

4 ( +5 / -2 )

Yep Japan is in such a fantastic financial position it can comment?

Well they do hold much of the America's national debt, so they do have the right to be worried. But really they're the ones who bought it...

4 ( +6 / -2 )

Tell me, who is the congressman who represents your district? Can you tell me without looking up the information?

Of course, and the fact that you think that is unusual says a lot about who you hang out with.

Here's a nice article from the tea party website, talking about the joys of secession, written by Pat Buchanan, who is supported by the Tea Party. Secession is good, healthy, wonderful, it seems. I guess the idea is to turn the U.S.A into just the S.A. As you can guess from my tone, I don't agree with this idea, and in fact I find it vaguely traitorous.

http://www.teaparty.org/is-red-state-america-seceding-29317/

4 ( +4 / -0 )

littleleon: The remedies for US "financial problems" is unspoken here but cutting social programs has been and always will be the #1 priority of the republican party. And except for medicare, a more difficult issue, which is addressed in Obamacare (something republicans are intent on killing) most of these programs like social security are easily fixable.

3 ( +4 / -1 )

I don't want to see America become another Japan. America still has the chance to get it's act together, to manage it's debts and be prosperous, but only if it end's it's drunken-sailor spending mentality. Japan has already passed the point of no return.

Really Japan is not nearly as bad as America... as unfortunately America is imploding... at the hands of insane Republicans... bankers and investors... the military-industrial complex pentagon... and Obama who did nothing about it...

3 ( +7 / -4 )

Well now that is very easy for you to say Mr. Aso, but you do not have to try and deal with the Tea Party faction which is trying to use blackmail to get their way, even though they are the minority party. These extreme radicals are trying their best to bring civil war to my country, something I thought I would never live to see.

3 ( +4 / -1 )

Yep Japan is in such a fantastic financial position it can comment?

3 ( +6 / -2 )

A Realist: "Your comment is irrelevant."

It's entirely relevant. It's one nation (and a flunked out PM who was recycled to Finance Minister, for that matter!) telling another nation how to do it's business when it cannot even manage its own.

3 ( +5 / -2 )

It is made up largely of people who have had enough of the current system, and are doing what they can to change it.

It is made up largely of people who don't take the trouble to understand the current system, who can't understand what the result of defaulting on our debts would be, and who are not knowledgeable enough or literate enougn to represent their supporters. They don't want to govern differently. They don't want a government at all. That isn't healthy, no matter what your politics happen to be.

3 ( +3 / -0 )

Japan Total Debt to GDP = 250% Japan Net Debt to GDP = 130%

America Total Debt to GDP = 107% America Net Debt to GDP = 75%

Japan complaining about America's fiscal situation is like Miley Cyrus complaining about Britney Spears for acting too immature in the entertainment industry = Pot. Meet. Kettle.

Japan is the most indebted country in the world! They, over anyone else, are more likely to default.

3 ( +3 / -0 )

Republicans only want to cut entitlements: food stamps, medicare, social security, etc. If that's the deal Taro Aso wants, no thanks.

2 ( +8 / -7 )

Maybe time for all Republicans to be kicked out of the USA !

2 ( +6 / -5 )

Hmm, by GDP, Japan's national debt is more than double of Americas, and Japan's resources are far more finite than America's. As finance minister, I think Mr Aso has less credibility than the clowns in Washington.

Aa for entitlements, these are a huge problem in America. Right now, America's popullation is just over 300,000,000 people. About 101,000,000 receive government benefits, which is a full third of the population. Only 87,000,000 Americans are full time workers. Of the remaining number, it is made up of part-time workers, students, children, and homemakers. Many millions are state or federal workers, and though they are employed full-time, they are not net contributors to the economy.

Large numbers of Americans are entering social security now, and the tax climate in America is forcing more companies into hiring part-time workers, who will not earn enough to pay income tax. The current formula means that tax revenues are going to be steadily decreasing over the coming years, and it wil become more and more difficult to pay for current operations, let alone service the national debt.

America must get a handle on it's spending. It cannot afford pay for it's current committments without borrowing even more, and certainly cannot afford to pay for new entitlement programs.

I don't want to see America become another Japan. America still has the chance to get it's act together, to manage it's debts and be prosperous, but only if it end's it's drunken-sailor spending mentality. Japan has already passed the point of no return.

2 ( +9 / -7 )

When Japan fixes its own problems is when it can tell the US what to do.

2 ( +2 / -0 )

95% of Japan's debt is held domestically and when the Japan has 16t trillion debt and the prospect of defaulting, get back to us.

You are spot on. But many Japanese including "Nigelboy" on JT fail to recognize this.

Most US debt is owned by Americans as well.

The U.S. debt to China changes each month, depending on how many Treasury notes the Chinese government buys or sells. For example, as of March 2013, China owned $1.250 trillion in U.S. debt. China now owns 22% of the total of $5.6758 trillion held by foreign countries. The rest of the more than $16 trillion debt is owed by either the American people, or by the U.S. government to itself.

1 ( +2 / -1 )

nigelboyOct. 13, 2013 - 02:13AM JST

You are spot on. But many Japanese including "Nigelboy" on JT fail to recognize this.

???? A 95% domestic ownership, domestic denomination, and the lowest yield among developed nation is simply a net sum zero game on Japan's total balance sheet. People like you can't understand that a "debt" the Japanese government has is an asset for Japanese entities and populations that buy them.

So Japan never default their own debt bond? For some reason, IMF, G20 and I are not convinced by your logic, niegelboy. LOL

1 ( +2 / -1 )

nigelboyOct. 13, 2013 - 04:23AM JST

So Japan never default their own debt bond? For some reason, IMF, G20 and I are not convinced by your logic, niegelboy. LOL

I respect a direct response from you. Is it possible for Japan to default their own debt or not? That's the heart of matter in this discussion. How about investing on Japan Bond with CDS.

1 ( +2 / -1 )

Dylan: "95% of Japan's debt is held domestically and when the Japan has 16t trillion debt and the prospect of defaulting, get back to us."

Ah, so they're just screwing their own people for the most part, then. All the same, it's still one government trying to tell another what to do when it cannot manage its own affairs in the same field. Bottom line.

1 ( +2 / -1 )

Unfortunately the tea party is not the party of change that my country needs right now. They favor the wealthy and big corporations, and do their bidding like the "puppets" that they truly are. In fact, they are making "standard politicians" look very good right now, which was extremely hard to do before their seditious behavior made the headlines recently. It is totally false that the poor and elderly and sick have to suffer to lower the debt, but that is what the tea party would have you believe. Anyone who believes that tremendous suffering of "the great unwashed" has to occur, while the rich people and wealthy corporations shall remain protected in their comfortable cocoons needs to educate themselves.

0 ( +1 / -1 )

Smithinjapan

95% of Japan's debt is held domestically and when the Japan has 16t trillion debt and the prospect of defaulting, get back to us.

0 ( +2 / -2 )

Seroiusly we all know they are going to raise the debt ceiling and kick the can down the road.

They are not going to default, they will just raise the debt ceiling.

At this point it doesn't even matter anymore. 17 Trillion ? whats another 1-2 Trillion ?

As long as the rest of the world is willing to use the Dollar, then it still has value even if you pile on more debt and print more money.

No one is going to move away from the dollar as the worlds reserve currency. The USA has the strongest military, and the largest Economy.

Everyone is tied together, you can't just dump the dollar and expect the rest of the world to be ok, so you have to let the US raise the debt ceiling.

None of this debate matters, we already know what congress and the president are going to do, and they will keep doing it until the rest of the world can come up with a way to hack off the USA without destroying themselves in the process.

0 ( +1 / -1 )

ex-japan-visitorOct. 12, 2013 - 11:49PM JST

Japan Total Debt to GDP = 250% Japan Net Debt to GDP = 130%

America Total Debt to GDP = 107% America Net Debt to GDP = 75%

Japan complaining about America's fiscal situation is like Miley Cyrus complaining about Britney Spears for acting too immature in the entertainment industry = Pot. Meet. Kettle.

Japan is the most indebted country in the world! They, over anyone else, are more likely to default.

Spot on. As Bill Clinton stated the other day there is no country like US when we are speaking a political system. The bill involving money issue has to start from the House and move on to the Senate before FED issue debt bond. Then again, it has to be technically approved again by the congress. Japan does not have this legal procedures dealing with the debt. Furthermore, they are not very transparent like US. US will not default while Japan may.

0 ( +1 / -1 )

globalwatcher it seems you have all the facts and wants to dispute or half agree to what anyone post here all i can say is this you point out when bush took office there was a surplus and when otrauma took office he inherited mess. Nothing but excuses the borrowing has to stop Otrauma 's. borrowing has out paced already what bush spent you are talking about medicare lol about people using it and never worked, well think about it, its all the immigrants landing here who has never worked for social security draining it and just wait till they get citizenship the numbers will grow even more need i need to say why? i dont you have all the answers so you tell me lol

0 ( +2 / -2 )

kaimycahlOct. 13, 2013 - 01:49AM JST

medicare lol about people using it and never worked, well think about it, its all the immigrants landing here who has never worked for social security draining it and just wait till they get citizenship the numbers will grow even more need i need to say why? i dont you have all the answers so you tell me lol

I think you are mixing up with welfare to SSI. You are also mixing up with Senior citizen Medicare to Medicare disability. In order to qualify for SSI, Americans need to satisfy 40 working quarters excluding working time spent in Japan. Let's get the facts straight, so we will be on the same page. SSI and Medicare qualifications are very complex, and there is no one simple answer. Hope your mother worked at least 40 quarters to qualify.

0 ( +1 / -1 )

nigelboyOct. 13, 2013 - 04:23AM JST

Of course, one could envision a scenario where Yen is no longer considered a "hard" currency but a lot of things must happen to come up to that stage. Default simply means nobody, especially the domestic population, stops buying them in masses.

Now, you and I are on the same page. As you know an old rule saying, "you cannot make a horse to drink water from old well" when the same horse realize they can go elsewhere.

MarkGOct. 13, 2013 - 04:07AM JST

The Republicans who held out will go down as opposing Obamacare. The rollout was a mess at best costing 634,000,000 taxpayer dollars for the website that is not effective yet. Stories of few enrolling, costs 40% and more for the same medical coverage, and much more to come.

What are you still whining about? It has passed the House and the Senate, the President signed into the law. Furthermore, it has been found constitutional by the highest court of the United State of America. Now the Republicans are throwing a tantrum trying to fight against it. It is done deal. That's how the democracy works unless you are with those tyrants who do not believe in this process. Do you believe in democracy? If yes, then shut up and move on. Remember, this is an ACT. It is not permanent.

This shutdown is a political spectacle. Closures of parks and monuments was the mistake the White House has made. Create public pain, and may backfire sometime soon.

It is actually helping Democrats for the next election. Today, NBC and others released the polls. The findings are shocking to the Republicans. Recent poll (today) by NBC is suggesting the Republicans approval rate is a 24%. It means a 76% of Americans does not approve the Republicans. Next week, I speculate it will continue declining by another 5-10% if they do not settle by tomorrow or Monday. These aggregate brain is very smart and pretty accurate to interpret a mind of Americans.

Entitlements are a double drain. Private industry generated tax dollars pay for this. Few tax dollars returned to the pot. Fed, State and municipal workers are a single drain. THe are paid with Private Industry Tax Dollars and do return some back into the pot. USA NEEDS MORE PRIVATE INDUSTRY EMPLOYMENT! Newly generated tax dollars injected into the pot

Your analogy is too simplified. FED, STATE, MUNICIPAL workers are not subject to unemployment benefit MOST OF TIMES as well. Each level has a different pot for retirement pension fund while the private sectors often encourage 401K. So people with job in Private sector and Public sector can draw two retirements called a double dipping. There is a reason behind it.

Spending frivolously must stop. The dollar return is not there and hasn't been for decades. I will sit back and use my votes to the best of my ability in the future. The nation needs change!

Austerity is the last thing you want in time of recessions and depressions for job growth. WS has already reacted positively this week to a new US FED choice who thinks the job growth is her #1 agenda.

0 ( +1 / -1 )

Vast Right-Wing ConspiratorOct. 12, 2013 - 11:43PM JST

Bush was no conservative, that is for sure

He was VERY conservative. Please learn his failed policies.

0 ( +0 / -0 )

Maybe time for all Republicans to be kicked out of the USA !

But the Democrats can go first and lead the way..

-1 ( +6 / -6 )

Has anyone here ever been in a debate club? Has anyone here ever had to argue for position that was directly opposed to their personal beliefs? It is an interesting exercise, and is often very enlightening.

We all know that things in Washington suck, it is pretty much a universal belief. Republicans are republicans, democrats are democrats, but first and foremost, they are greedy, self-interested politicians, who's first desire is to satisfy themselves. They follow the will of the people only so far as it serves their own interest. These poloticians have no real ideoolgy, they merely pretend to. They tell their constituents what they want to hear, which is seldom the truth.

The tea party is a big wrench thrown into the works. A good deal of the tea party is not part of the political status quo. It is made up largely of people who have had enough of the current system, and are doing what they can to change it. Traditional Washington hates the tea party, both the republicans and the democrats. They see the tea party as a threat to the way they have been doing things, and it is.

America is made up of three main parties, not the two that most people believe. There is a democrat party, a republican party, and an idependent party. The vast majority of voters are either democrats or republicans, a small minority are independents. But it is the independents who exercise the real power, because they have the unique ability to vote for whom they think is the best candidate, regardless of their party. The rest of the voters are impotent, their votes can be counted before the election is even held.

Ironically enough, Obama and the tea party were both elected by the independents. Most of what republicans know of democrats is colored by what they watch on Fox news, most of what democrats know of republicans is colored by what they watch on CNN or NBC. Neither view is entirely accurate. Both parties want a fair and responsible government which answers to the people.

Unfortunately, the parties play people against each other using disinformation, fear, and even hate. The people generally believe what they hear, and, being people, they are easily conditioned into one position or another. This is a bad situation, which divides rather than unites, and while the people bicker distractedly with each other over party-manufactured issues, the politicians milk the system for all they can.

I am not a republican, but I like that the tea party is able to exist in such a closed and outsider-unfriendly place like Washington. We need more people like them, not less. I am glad they are doing what they are doing, it is a sign that the system still works. I hope they get their way, and that established Washington has to bend to their will.

Stop believing the propoganda you are being fed by the news from republicans or democrats. Follow that old quote which said "don't believe anything you read, and only half of what you see". You won't be so easily fooled.

-1 ( +4 / -5 )

Does not Abe have enough domestic issues that need to be resolved once and for all without delay? Or is this press release a ploy to distract us from what Abe ought to be focused on, right this second?

-1 ( +2 / -3 )

But globalwatcher, was not job growth the #1agenda in 2008.

ACA, yes, it is law....for now. Let time tell if it benefits a struggling economy. It's not cheaper in any case reported yet. Seems foolish, buts that's just my opinion.

Did you know how democracy works global? Those who are holding out on the debt ceiling are having a tantrum as you say. I thought that is democracy.

By the way global, telling somebody to "shut up and move on" is rather aggressive and shallow minded in your part. Thanks for making that clear.

As for the spending. Since 2008 how many TRILLIONS of dollars were spent? Where is a result or benefit to USA from that spending to date? And you chose to spend more? Suicidal for our children.

-1 ( +1 / -2 )

Mark G I am with you the entitlements are bankrupting this country. globalwatcher the polls dont indicate what most americans think what you have to realize which network NBC or FOX who is conducting the polls. Both are so brainwashing confusion leads to nothing but dummying down the masses dont believe everything you read lol.

-1 ( +1 / -2 )

Republicans want to destroy our planet and the tea party is a blind group that doesn't understand macro economics. If you shut down blood to the cells, the cells and the entire body will die. That will be the consequences of the default. people will lose job, companies will bankrupt and people will die without money circulating in the market.

So why is it that the Dems are failing miserably at it. They thumbed their chest claiming that they are more financially savvy than the Republicans and look what are the results??? They just tripled the debt. Far, far worse, now we know for sure that math is not part of most Liberals forte.

-1 ( +1 / -2 )

smithinjapanOct. 12, 2013 - 09:13AM JST

“Japan expects this issue to be resolved once and for all without delay,”

Ummm... Aso, own back-yard? Highest debt of all advanced nations?"

Your comment is irrelevant. It is totally different if most of the debt is owed to its own citizens or to foreign countries.

-2 ( +6 / -8 )

Japan doesn't count anymore,,,,Japan is doomed

-2 ( +2 / -3 )

Bush was no conservative, that is for sure. But, Obama added as much debt in 4 years as Bush did in 8, and there is no sign of an end in sight. Yes, Obama inherited a financial burden. ANd he chose to be a coward. To make it worse and pass it on to the next generation, instead of doing the right thing and trying to fix it. Clinton to his credit (and also the credit of the GOP majority in Conress he worked with) did a good job with the books.

The whole "deb ceiling" crisis is a farce. It is incomprehensible that Congress is allowed to spend money that it doesn't have, and hasn't made provision to get. It's like buying a car and driving it BEFORE the loan is approved.

-2 ( +1 / -3 )

This shutdown is a political spectacle. Closures of parks and monuments was the mistake the White House has made. Create public pain, and may backfire sometime soon.

The Republicans who held out will go down as opposing Obamacare. The rollout was a mess at best costing 634,000,000 taxpayer dollars for the website that is not effective yet. Stories of few enrolling, costs 40% and more for the same medical coverage, and much more to come.

All the while MANY Democrats spewing hateful comments and blaming solely the Republicans. This too can have a payback. THose name calling tactics are divisional and childish. Perhaps the want "The Divided States of America" as a new name for the nation.

Oh, and mainstream media is full of political propaganda. Not reporting news stories that are negative to this administration is irresponsible.

And thank you Crysler. We taxpaying citizen bail you out, you intend to build a $1.2B plant in Mexico. While I would applaud avoiding Unions as a production line worker can make a six figure salary w/OT bolting in car seats all day with is overpaid, Mexico is not the option.

Entitlements are a double drain. Private industry generated tax dollars pay for this. Few tax dollars returned to the pot. Fed, State and municipal workers are a single drain. THe are paid with Private Industry Tax Dollars and do return some back into the pot. USA NEEDS MORE PRIVATE INDUSTRY EMPLOYMENT! Newly generated tax dollars injected into the pot.

Spending frivolously must stop. The dollar return is not there and hasn't been for decades. I will sit back and use my votes to the best of my ability in the future. The nation needs change!

-2 ( +0 / -2 )

MarkGOct. 13, 2013 - 06:39AM JST

But globalwatcher, was not job growth the #1agenda in 2008.

Yes, American Recovery and Reinvestment Act was created in 2009 for job growth. Again, both the House and the Senate approved this as you know. Then, the President signed to make the bill to a law.

Did you know how democracy works global? Those who are holding out on the debt ceiling are having a tantrum as you say. I thought that is democracy.

By the way global, telling somebody to "shut up and move on" is rather aggressive and shallow minded in your part. Thanks for making that clear.

Yes. What else do you want me to say? When the judge delivered the verdict, it is a done deal. In this case, it went all the way to the US Supreme Court. Don't you believe in a separation of power in three branches in democracy? Ok, it passed the congress, check. It passed the Executive branch, check. It passed the Judicial branch, check. Everything has been cleared. The bill became a law in the land of democracy.

Extortion does not work in democracy. Look at the polls that tell you a mind of American voters. Do not underestimate aggregate polling result. It is reflecting a mind of American voters very well. These samples are taken randomly without any social discriminations and bias.

-2 ( +1 / -3 )

kaimycahlOct. 13, 2013 - 11:36AM JST

Mark G I am with you the entitlements are bankrupting this country

And remember the welfare spending only amounts to 8%. And it has nothing to do with Mexicans. There are many entitlement abusers in the Red states (TN, MISS, AL, FL, LA, KY, WV, MO).

SSI and Medicare cut are already happening to many baby boomers who are retiring. The most trouble is for your generations. Full retirement age has been pushed to age 67 or 68, now they are pushing it again to age 70. Medicare qualification may change to more than 40 quarters accordingly to the changes in retirement age. Some just never get it.

-2 ( +1 / -3 )

The democrats are holding out for $70 billion in more spending.

-2 ( +0 / -2 )

It is made up largely of people who don't take the trouble to understand the current system, who can't understand what the result of defaulting on our debts would be, and who are not knowledgeable enough or literate enougn to represent their supporters. They don't want to govern differently. They don't want a government at all. That isn't healthy, no matter what your politics happen to be.

Do you undertsand the system? Tell me, who is the congressman who represents your district? Can you tell me without looking up the information? If you know his or her name, can you tell me what legislation he or she has sponsored? Or how he or she has voted on the bills which have one to the floor? Did you vote in the last election? Did you vote along party lines? If your answer was yes to the last question, and no to any of the previous questions, then you should keep your opinion to yourself.

Tell me how the system is "supposed" to work. One should not need a degree on political science to understand the political process in one's country.

The federal tax code is now more than 80,000 pages, can you understand it? The ACA is 10,500 pages long, do you think you can understand it? Even the people who write this nonsense don't really know all of what is in it, many regulations and rules contradict each other, and many cannot be specifically defined, and must be "interpreted".

The main problem we have is that government has grown beyond understanding, comprehending, or even controlling. Something has to be done, and if the tea party or PETA can do something about it, more power to them. If not, I will still give them credit for trying, unlike the remaining 60% of voters who have never been to the polls, and yet somehow think they have the standing to give their opinions on political matters.

-3 ( +1 / -4 )

I respect a direct response from you. Is it possible for Japan to default their own debt or not? That's the heart of matter in this discussion. How about investing on Japan Bond with CDS.

Read the first two sentence of my response.

Of course, one could envision a scenario where Yen is no longer considered a "hard" currency but a lot of things must happen to come up to that stage. Default simply means nobody, especially the domestic population, stops buying them in masses.

-3 ( +2 / -5 )

Of course, and the fact that you think that is unusual says a lot about who you hang out with.

It's more common than you think. An activist group called "Babes against Bush" was campaigning for John Kerry, and their goal was "to educate the voters". Unfortunately, their spokesperson couldn't even name the vice-president. So much for "educating".

As for seceding, it's been tried before. Ironically enough, last time it was the democrats who were trying to secede, back in the 1860's, if you recall. Those damn yankee republicans (damn yankee was the ancestor of neo-con) headed by Abraham Lincoln, stopped them, didn't they? Lincoln suspended the writ of habeous corpus, and imprisoned 70,000 Americans without ever charging them with a crime. As a result, my ancestors changed parties, moved south, and fought for the confederacy. They have remained democrats ever since.

Pat Buchanan is always looking for a new horse to hitch his wagon to, anything he can do to keep his name out there, and get paid for his appearances.

Ah, and as to your link, you forgot what I said about "don't believe anything you read". I follow this maxim sincerely. You are welcome to apply this to what I have written.

-4 ( +1 / -5 )

So Japan never default their own debt bond? For some reason, IMF, G20 and I are not convinced by your logic, niegelboy. LOL

Not based on some simplified debt to GDP ratio. There are other important factors such as capital flight which leads to rise in interest rates. As it stands, it's merely a elderly population who receive these pension payments funded by the government who don't spend but save which in turn results in massive cash holdings by banks and financial institutions who they in turn buy JGB and the cycle is repeated. The IMF is simply concerned about the matching funds to meet with these social security costs (short term recurring outlay to short term revenue stream). Hence, they applaud the sales tax increase which will be earmarked specifically for these social security payments.

-5 ( +1 / -6 )

You are spot on. But many Japanese including "Nigelboy" on JT fail to recognize this.

???? A 95% domestic ownership, domestic denomination, and the lowest yield among developed nation is simply a net sum zero game on Japan's total balance sheet. People like you can't understand that a "debt" the Japanese government has is an asset for Japanese entities and populations that buy them.

-6 ( +1 / -7 )

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