by Wolf Richter
Wolf Street
NIRP Absurdity Soars to New Heights.
The most indebted government of the world is at it again, and this time even more vigorously.
Japan’s national debt is between 230% and 250% of GDP, depending on who does the counting, compared to debtor-nation USA, at 105%. It has one of the worst credit ratings of any major developed economy; Standard & Poor’s rates it A+, four notches below the top.