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Reply #16: Because most of Japan's Public Debt Is Held By Japanese [View All]

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Demeter

(1000+ posts) Send PM | Profile | Ignore

Thu May-20-10 05:48 AM
Response to Reply #5

16. Because most of Japan's Public Debt Is Held By Japanese

they can't be squeezed by speculators the way Greece, Spain, Portugal, Italy and Ireland are being squeezed. Interesting report on NPR yesterday or maybe this morning on that.

Most US debt was held by the US at one time. Now that everybody has it, and there's so much, is squeezing the US through the debt even feasible?

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