Lessons to be learned from Japan's debt woes

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Thu, 11 Oct 2012 11:57a.m.

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Japan's debt level is 237 percent of GDP, the highest debt burden of any developed nation.

Japan's debt level is 237 percent of GDP, the highest debt burden of any developed nation.

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11/10/2012 3:10:40 p.m.

Alan wrote:

What a pointless article and pointless meeting of finance leaders - this is purely an excuse for a trip to a wonderful country. Japan is in a very different position to New Zealand in one major fact that the government debt in Japan is mostly Japanese funded. New Zealand however has most of its debt funded by overseas money. Much of the world doesn't consider the debt an issue like the US or Europe. The US and Europe owe other people money, the Japan Govt owe mainly their citizens money.