Japanese debt might be high, but it isn't comparable to American debt, which is set to trigger a financial implosion — and light a spark under Bitcoin.
Japanese debt might be high, but it isn't comparable to American debt, which is set to trigger a financial implosion — and light a spark under Bitcoin.
The glaring difference between the two is the composition of their debt ownership. In Japan, nearly 90% of debt is owned domestically by its citizens and institutions. By contrast, roughly a quarter of U.S. debt is held by international debt buyers.
Japan also hasn’t struggled with inflation nearly to the same extent as the United States. Its inflation rate sits at 2.7% after peaking at just 4.3% in January 2023. That's a far cry from the 9.1% the U.S. reached in June 2022. The Federal Reserve is still struggling to bring sticky inflation under control, which makes the soaring debt levels particularly dangerous as this can add fuel to the fire.
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