Eli5: How can some country have trillions of dollar in debt like Japan but still functional without any consequences?

Question

Eli5: How can some country have trillions of dollar in debt like Japan but still functional without any consequences?

In: 101

Answer 1

national debt means pretty much nothing unless the country is otherwise struggling economically

(especially in the us) most of that debt is owed to citizens and companies of the same country too