Comments on: Japan’s national debt and the management of national assets http://www.eastasiaforum.org/2010/07/18/japans-national-debt-and-the-management-of-national-assets/ Economics, Politics and Public Policy in East Asia and the Pacific Mon, 13 Feb 2012 06:23:14 +0000 hourly 1 http://wordpress.org/?v=3.2 By: hoihoihttp://www.eastasiaforum.org/2010/07/18/japans-national-debt-and-the-management-of-national-assets/comment-page-1/#comment-854843 hoihoi Sat, 16 Jul 2011 10:59:41 +0000 http://www.eastasiaforum.org/?p=12933#comment-854843 Please excuse my poor English. On Japanese debt, Japan has highest public debt but it is owed to the Japanese people.The United States debt is owed to foreign countries. In fact net financial assets abroad have increased by around 100 trillion yen a year. So Japan has plenty of overseas assets. The market for the yen tells this story powerfully. Anxiety about the Japanese debt problem stems from the brainwashing of elite finance Ministry bureaucrats. Comparing debt with the ratio of GDP is nonsense. The important thing is not its share of gross domestic product but the share of gross domestic product of the government bond interest payment. The low degree of the difficulty degree of the interest payment of the debt becomes affects the rating of the government bond. When you compare the share of gross domestic products with The government bond interest payments, Japan is the lowest 1.6; 2.1per cent in the United States and 2.3per cent in Germany among the advanced countries. Hence Yen is a top buy, despite the great East Japan earthquake while Southern European nations suffer financial deterioration. It is said that it is foolish think about the tax increase as prime minister Kan reduces public servants' salaries by 10 per cent because the government has been brainwashed by information from elite financial bureaucrats. Please excuse my poor English. On Japanese debt, Japan has highest public debt but it is owed to the Japanese people.The United States debt is owed to foreign countries. In fact net financial assets abroad have increased by around 100 trillion yen a year. So Japan has plenty of overseas assets. The market for the yen tells this story powerfully. Anxiety about the Japanese debt problem stems from the brainwashing of elite finance Ministry bureaucrats. Comparing debt with the ratio of GDP is nonsense. The important thing is not its share of gross domestic product but the share of gross domestic product of the government bond interest payment. The low degree of the difficulty degree of the interest payment of the debt becomes affects the rating of the government bond. When you compare the share of gross domestic products with The government bond interest payments, Japan is the lowest 1.6; 2.1per cent in the United States and 2.3per cent in Germany among the advanced countries.

Hence Yen is a top buy, despite the great East Japan earthquake while Southern European nations suffer financial deterioration.

It is said that it is foolish think about the tax increase as prime minister Kan reduces public servants’ salaries by 10 per cent because the government has been brainwashed by information from elite financial bureaucrats.

]]>