2022年12月10日土曜日
J Government debt is a mechanism to use money from those who are rich to support those who are not
The Nomad
How about getting some of that money back to pay down the national debt and benefit from the current exchange rate.
No. It means there is no need to paydown.
What you call "national debt" is J Government's debt, not Japan's debt. Its creditors are Japanese people, not foreigners. Japanese people who buy J Government bonds are making money by so doing via interests while J Government is using the money to support social security. In other words, J Government debt is a mechanism to use money from those who are rich to support those who are not - while increasing profits of the creditors.
Japan, as a nation, is a net creditor, the world biggest net creditor. And this is the reason why Japan does not go bankrupt despite what you call "national debt".
The First Festival can be found in the story of Japanese ancient mythology about Sun Goddess (Amaterasu) and Storm God (Susanoo)
Aug. 16, 2021 11:09 pm JST Posted in: Why are there so many summer festivals in Japan? See in context The Japanese word for fest...
-
https://apnews.com/article/united-methodist-lgbtq-clergy-general-conference-acabe18fe22b6838e3005ad8895534fa United Methodists repeal longs...
-
The bubble economy in Japan originated in the 1980s amid trade friction with the US and the Plaza Accord of 1985. The accord led to a shar...
-
So that’s what we found. Finally, with respect to our recommendation to the Department of Justice: In our system, the prosecutors make the ...