Posted on 01/06/2022 11:02:33 PM PST by blueplum
WASHINGTON (AP) — Seeking to deepen their defense cooperation, the United States and Japan will soon sign a new five-year agreement on sharing the cost of the American military presence in Japan, Secretary of State Antony Blinken said Thursday.
Speaking at the outset of a virtual conference between the U.S. and Japanese foreign and defense ministers, Blinken said Tokyo and Washington also will sign a deal on collaborating more closely in research and development of defense-related technologies, including ways to counter threats from hypersonic weapons.
The agreement on a new formula for sharing the cost of the American military presence in Japan ends a Trump-era dispute that had been a significant irritant....
(Excerpt) Read more at apnews.com ...
Here is what I do not understand about Japan. Their national debt is utterly insane at 237% of GDP. For perspective that would be like us having a national debt of 50 Trillion.
How are they avoiding collapse or other nightmares?
Well the people already wore masks and still work and they make cool stuff. So kinda want to avoid total collapse, keep that place as a think tank under 50 trills.
Throw in Social Security and unfunded pensions and hold my beer.
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