How Japan Dealt With Their Debt Problem
July 18, 2025
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1:45Now PlayingHow Japan Dealt With Their Debt Problem
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as posted by the channelWhat happens when a country mismanages its debt?
In 1990, Japanese policymakers decided to deal with its debt obligations by printing a lot of money to buy bonds. They further devalued the currency by giving bondholders significantly lower interest rates than in the US.
As a result, Japanese bonds lost 45% relative to US bonds and 60% relative to gold over the next few years.
That had a real impact on the average Japanese worker, who lost a significant amount of buying power — and those impacts are still felt today.
My new book, How Countries Go Broke: The Big Cycle, breaks it all down for you.
#raydalio #principles #politics #economics
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