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Japan’s debt is twice the size of its economy-but economists warn U.S.’s $40 trillion sum is worse
“Japan’s debt dynamics are fundamentally different from those of the United States … Japan is the world’s largest creditor nation. The U.S. is the world’s largest debtor.”
Despite its $40 trillion national debt, the U.S. barely cracks the top 10 in countries for debt relative to the size of their economies. While on the surface this may seem like a good thing, economists warn that actually, the U.S. still has more to w... [4239 chars]
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