Will debt derail Abenomics?

For a long time Japan was able to service its growing government debt burden by keeping interest rates low. Success of its Abenomics policy would stop this game in its tracks.

It seems to me that one of the automatic, if not always intended, consequences of Abenomics is to force up Japan’s current account surplus, and in fact to force it up substantially. This will have to do at least in part with deciding how to manage the country’s enormous government debt burden, which easily exceeds 200 per cent of the country’s GDP.


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