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Thread: Why does China buy Japan debt?
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[quote=BOBERT,402657]20 years ago Japan was also the world's predominant exporter with a huge surplus balance of trade. It's international reserves were staggering and growing exponentially. That year the real estate value of the tiny islands of Japan exceeded that of the entire United States with all it's natural resources and infrastructure. The capitalisation value of Japanese stocks was greater than the U.S. market. That same year the Nikkei reached an all time high of 38,957, more than four times it's present day value. In 1990 Japan was ordained by all and sundry as soon to "rule the world". The Japanese bubble was huge and inflated by many of the same economic ills currently afflicting China. Today Japan's public debt is double it's GDP and it's economy, as acknowledged on June 11 by it's new Prime Minister, "is in serious risk of total collapse." Don't count China's chickens just yet. Many a slip twixt cup and lip.[/quote]
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