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tabrisangel t1_jbgut45 wrote

Reply to comment by schooledbrit in [OC] The world's biggest banks in 1988 by Solid-Tea7377

Japan is literally one of the very worst economies on earth.

Crippling debt and 2 times as many people dieing each year then are being born.

I think it's the only economy in the world that's smaller than it was 1994.

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angelic_soldier t1_jbj59z5 wrote

3rd largest GDP in the world is one of the worst? Oof, I feel bad for everyone further down the list.

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schooledbrit t1_jbmhzc4 wrote

That's the funny part. Over half of the Government of Japan's debt is owned by the Bank of Japan. It's like being in debt to yourself.

They're ridiculously good at managing money. So good that in fact, if you investigate it closely it is the other countries that are in debt to them.

Also many countries in Europe, including almost every country in Southern Europe and Scandinavian countries like Finland have lower fertility rates than Japan

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mynameismy111 t1_jbn23vy wrote

If they were so good they wouldn't of dropped from half the wealth of the US in 2000 to now 1/6th

https://en.m.wikipedia.org/wiki/List_of_countries_by_total_wealth

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schooledbrit t1_jbpg41k wrote

Japan still has a higher median wealth than that of US or Sweden, and double that of Germany

https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult

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