Comment Re:Enormous debt? (Score 1) 206
Um, I was speaking economically. While certainly there is a connection between economics and culture, it's nowhere near as strong as you seem to think it is(nor are the cultures all that different, both are at their core confucian societies). I never said that the Japanese would start selling their bonds, but it's doubtful with a savings rate that hovers around 1%(and with the current stagflation may even fall to below 0) that the Japanese can actually afford to buy new ones. Thats why the bonds may increasingly end up in foreign hands. You simply cannot buy bonds if you have no savings.