Japan's Finance Minister just warned of increasingly precarious finances. The combination of enormous debt, rising inflation and higher interest rates will severely impact public finances in a country already struggling with a rapidly aging population and near zero economic growth.
While zero growth at a time of climate change and habitat destruction is desirable in my opinion, it is poison for debt service.
Here's a series of charts.
- Huge Debt
- Low Growth
- High Budget Deficits
- High Inflation
- Artificially Low Interest Rates