Japan's fiscal death is a warning to the West

[pa28]

4. True. As you alluded to we have the same principle working in our economy as well.

Here is the difference as I see it. Japan carries a far higher debt ratio than we do and yet they've maintained low rates. The OP'd link suggests Japanese borrowing is reaching a limit but it's just speculation. Rates are still low and that fact stands.

If Japan becomes a sick patient and we see rate spikes and massive inflation we need to take notice and realize we'll have the same thing coming in our economy in five or ten years. Evans-Pritchard seems to be making the case that Japanese debt is reason to follow an austerity agenda in the western economies right now. That's flawed reasoning.