Japan’s Debt Time Bomb Meets a Weakening U.S. Labour Market
5 Articles
5 Articles
Japan’s Debt Time Bomb Meets a Weakening U.S. Labour Market
Is Japan where a sovereign debt crisis could start? Huge debt, rising inflation and interest rates follow years of ultra low interest rates and massive stimulus intended to revive the moribund Japanese economy. Japan is the largest foreign holder of U.S. Treasuries. Fear is they will have to sell to defend the sinking Japanese yen. BOJ intervention and from the U.S. Treasury as well even though the U.S. sold euros instead of dollars. The ECB was…
Japan has replaced China as the most important foreign creditor of the USA. Therefore, the low yen is causing the US to take an unusual step. And the central bank is challenged by a surprisingly weak labour market.
Japan’s Debt Crisis Is a Global Warning
With government debt over 200 percent of Gross Domestic Product (GDP), Japan forged a path that other Western governments, like the United States, have followed. Now, as Japan’s macroeconomic problems become acute, it is no longer just a cautionary tale for Americans, but part of our developing debt crisis, too. Bust, Deficits, and Debt In 1990, Japan’s stock market collapsed and its economy tanked. The Bank of Japan pioneered “Quantitative e…
Because Japan holds over $1.2 trillion in US Treasury bonds, Washington fears that the massive yen interventions of the Bank of Japan make financing of US sovereign debt more difficult. As the Fed now responds. This post Expansive Monetary Policy Japan's yen bailout arouses worries about US debt financing has been published on Young Freedom.
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