Is Japan Caught In A Public Debt Trap?

  • So far, the Japanese economy has escaped the bursting of asset bubbles 3x the size of those in the US without suffering a depression or double digit unemployment.
  • The price they paid for that is the ratcheting up of the public debt/GDP ratio, which at 250% looms as a serious threat over Japan and the world economy.
  • Is there an escape possible out of this now that Abeconomics has not lifted nominal GDP growth in a decisive way and not broke deflationary expectations?

Is Japan Caught In A Public Debt Trap? | Seeking Alpha