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Justforfun777

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Re: Japan gets new rating - downgraded too much debt

in response to

Japan gets new rating - downgraded too much debt

fullofsteam

posted on Jan 28, 2011 01:21PM

well Japan is better off than the US in regards to the debt situation (not in percentage terms) because most of Japan's debt is held within Japan. The US though benefits from being the world reserve currency.

Let's just hope that all the cheap money floating around does not create too much turmoil in the poorer countries that will be hit hardest by food inflation.