To call the Japanese Government debt a tsunami is an understatement.
At close to 3 years of GDP, the Japanese debt is now a monster of unrecognizable size transferred year after year to the younger generations which will have to work for free (or overtaxed which in the end is the same thing) to pay back the accumulated giant to pensioners and other debt holders including banks and insurance companies for whom a jubilee would mean immediate insolvency.
Debt has 5000 years of history and probably was the source of writing in Mesopotamia when traders had to print on trading "balls" the symbols of what was being exchanged for early recording (of debt).
Where Japan innovated is in adding many "zero" (a former Indian invention) to the right side of the numbers until people stopped counting, watching with unease to bulging Godzilla rising from the ocean.
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