Whilst simultaneously having a rapidly declining birth rate, and relatively low levels of immigration, to maintain a homogeneous society, without imploding in on itself?
In: Economics
AFAIK Japan isn’t actually economically sustaining itself and it has a lot to do with their energy sector. They’re entirely dependent on foreign economies in their energy sector.
That aside, I just had a similar convo on this with my friend, and the user u/bohba13 nails it. It’s about the profitability value that Japan has to the lenders and credit system. Japan has enough of an export economy that they have enough collateral and income to be able to make their payments so they’ll keep getting benefits in the area of their debt. Sort of like the same thing with the US.
Why is the US getting extensions and additional credit? Because they have enough of an income from their exports that even though they’ll never be able to address the debt, they’re guaranteed to generate a profit to their lenders.
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