Japan has a trade surplus and some of their debt is still owned by foreigners? I thought that was impossible?
I am glad that you finally admitted you were wrong.
External debt is the sum total of nation's trade deficits. Japan does not have an external debt.
That was funny!
Japan has a trade surplus and some of their debt is still owned by foreigners? I thought that was impossible?
I am glad that you finally admitted you were wrong.
I was wrong about Japan. They still run a trade surplus the way a serious industrialized nation does. The way we used to. Now we whip out the charge card to buy hundreds of billions of dollars worth of foreign goods and that won't last forever
That was funny!
Why are you laughing? Are you a clown? Our external debt is much larger on a per capita basis