I came across this very compelling visualization of Japan’s debt problem. It shows that their debt is on a path to being unsustainable and sooner or later, debt interest payments will gobble up a major part of their current expenditures.
Obviously, the sordid tale has implications for the United States, where debt has exceeded 100% of GDP and is projected to continue rising.Whether or not this realization will give Japan (or the US for that matter) pause is anyone’s guess.
What do you think? Are the US and Japan on the path to ruin?
