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Financial system: Why Japan is essentially the most indebted nation on the planet (and why it continues to lend cash)

  • Cristina J. Orgaz @cjorgaz
  • BBC Information World

Photograph credit score, Getty Pictures

On the finish of September final 12 months, Japan posted a determine that might ship shivers down the backbone of some other nation on the planet, and much from stopping there, it can proceed to develop sooner or later.

Its public debt has reached $9.2 trillion, or 266% of GDP, the very best determine amongst main economies.

By comparability, america reached US$31 trillion throughout the identical interval, however given the scale of the world’s main energy, this quantity represents solely 98% of its GDP.

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