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To: IceShark who wrote (10518)2/17/2000 11:43:00 AM
From: fut_trade  Respond to of 42523
 
According to the wsj, Japanese investors are funding their government's debt:

A ratings downgrade, which would affect Japanese-yen debt, would apply only to bonds issued or guaranteed by the Japanese government. That market, though vast, has few foreign investors. Only about 6% of the 310 trillion yen ($2.842 trillion) government-bond market is owned by foreigners.

I think it's not a problem yet. The Japanese government still has the potential to pay it back, providing the economy doesn't degrade further.



To: IceShark who wrote (10518)2/17/2000 11:45:00 AM
From: KyrosL  Respond to of 42523
 
The debt is funded by the good Japanese people, whose savings rate is many times our own. They even have left over funds to fund a good portion of our external deficit. But sooner or later, the burden will become too big to bear even for them. People figure that the time of reckoning for Japan will be around 2002, unless their economy revives real soon without the government spending crutches.


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