Part 1/7:
Japan's Growing Debt Crisis: A Fiscal Dilemma
Japan’s bond markets are currently in crisis, with the nation’s prime minister proclaiming the situation is “worse than Greece.” This statement refers to Greece's catastrophic default on approximately three-quarters of its national debt in 2012, raising significant concerns about Japan's economic stability. With government debt soaring to 263% of GDP—equating to an overwhelming $65 trillion in U.S. terms—there are fears that Japan may soon emerge as the new poster child for the International Monetary Fund's (IMF) interventions, much like Argentina.