The world's most indebted country
Japan is a major developed country in Asia and one of the top five economies in the world, and many people are wondering why Japan's debt ratio is so high. Today's Japan is long gone from the peak of the last century,and the country's situation has begun to change dramatically since it experienced an economic bust. Not only is this reflected in the economy, but other social areas are becoming different as well. According to the World Bank, Japan's debt is as high as more than 8 billion, which is surprisingly 2.6 times the country's GDP!
In fact, there are many reasons behind the indebtedness of such countries, and it is not necessarily that the economy has reached the point of collapse. However, Japan does have many domestic problems. Due to Japan's fertility concept, aging has become a serious social problem, which indirectly also leads to the depression of the market. In order to stimulate the market, the Japanese government keeps printing the yen, which, by definition, may make the yen depreciate more and more, and the economy keeps declining.
However, Japan is also a country with developed import and export trade, which can earn foreign exchange from other countries, thus delaying the depreciation of the yen. Compared to some countries in economic crisis, Japan's economy is still in good condition. The yen is still recognized by many countries internationally and can be exchanged internationally. With its strong economic strength, Japan is not at all in a national crisis because of its high debt ratio and its creditworthiness in the international arena remains high.
Japan's development rate, however, has fallen far behind that of some countries, and the ranking of its economy is slipping. Japan is also in a bottleneck of development domestically, with a gradual increase in the number of empty nesters in the cities and a huge pressure on young people to retire, making the happiness index drop sharply, also because Japan also has one of the highest natural rates in the world. Japan's economic development has been even more delayed due to the strain on its resources. The economic bubble has kept the country in a constant slump.
