How Much Debt Can A Country Carry?

Posted on October 28, 2009 by Stacey Szulka

Due to years of stimulus spending, Japan’s gross public debt has grown to twice the size of its $5 trillion economy, inciting concerns about possible collapse in the value of the yen. Interest payments alone on its debt consumed a fifth of the country’s budget for 2008. Despite this concern, on October 21, the finance minister announced that Japan would issue more deficit bonds. 

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