It's surprising to me that Japan allowed it's debt to balloon like that...
- From: "Brablo" <gestureofrespect@xxxxxxxxx>
- Date: 25 Oct 2005 10:12:34 -0700
in the '80s or so, the Japanese borrowed heavily via their bonds. I've
got a few questions on this.
1. from what i understand, they owe more than 100% of their GDP to
foreigners (in comparison to about 70% for us). is this true/false?
2. why did they allow their debt to spiral out of control like this,
especially when their economy was doing well?
3. why did their currency *strengthen* in comparison to the USD from
the '70s to the present day?
.
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