Too bad
all this debt is basically at the expense of the japanese themselves.
They don't have an actual creditor that will force them to pay anything.
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Not like Greece and so on who get all the money from Germany and bankrupt themselves like totall chad.
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Japan case is totally opposite. In fact,
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japan though the country remained the biggest creditor nation for the 27th straight year.
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It was announced on Friday that the balance of Japan's net external assets at the end of 2016 grew 2.9% from a year ago to 349 trillion yen ($3.13 trillion) -- the first increase in two years.
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The Finance Ministry attributed the increased figure, which reflects assets held overseas by Japanese businesses, government entities and individuals minus such debts, to Japanese investors' accelerated business acquisition activity overseas and increased purchases of foreign bonds.
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The latest figure, announced by Finance Minister Taro Aso at a Cabinet meeting, is second only to the 363 trillion yen for the end of 2014. It makes Japan the world's biggest creditor nation for the 26th consecutive year.
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At the end of 2016, the balance of external assets totaled 997 trillion yen, up 5.0% from a year ago, reflecting more active overseas expansion by Japanese companies.
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The stronger yen, however, has meant foreign currency-denominated assets decreased when measured in yen value. The yen at the end of 2016 had risen 2.3% against the dollar and 5.9% against the euro, compared to a year earlier.
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The balance of external debts grew 6.2% to 648 trillion yen, driven by foreign direct investment into Japan and Japanese bonds purchases by foreign investors.
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Jp yen is now one of the hardest currency of the world because of this reason.
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"Japan though the country remained the biggest creditor nation for the 27th straight year."
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Even investor is escapeing to jp yen when US doller or euro got some problems.
How is Japan responding to the virus? I'm curious because the number of confirmed cases is not increasing
Read this let’s see who will survive after one year
Obviously
your argument is fine, but your English is too shitty to be acting as cocky as you're being right now.
I'd really like to understand that. There GDP to debt ratio seems insane.
>There
i really messed that one up, boys.
Bytheway "Save face" is mostly culture of China and Korea.
Anyway it’s useless to say that to you that you can’t understand those detail and difference of East Asia.
based
>Bytheway "Save face" is mostly culture of China and Korea.
Literally same shit, Carlos Ghosn exposed your shithole country with a big fat dab. Fuck japs.
financialsense.com
>It may sound odd that the world’s most indebted nation (based on debt-to-GDP) is also the world’s largest creditor nation
Truly baffling. I'm not even going to pretend I understand, I have nothing to argue lol
Two wasn’t enough.