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schooledbrit t1_jbg08yr wrote

Reply to comment by DIYThrowaway01 in [OC] The world's biggest banks in 1988 by Solid-Tea7377

Still is, although of course not as much as before.

Bank of Japan is still the only nation with a higher asset-to-GDP ratio than the US Federal Reserve.

Japan has also been the world's largest creditor nation (by net international investment position) for the last 30 years

https://www.swfinstitute.org/fund-rankings/

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mynameismy111 t1_jbn1wql wrote

The US is still wealthier than them

https://en.m.wikipedia.org/wiki/List_of_countries_by_total_wealth

Us 145 trillion China 85 Japan 25 Germany 17

While everyone else grew since 2000 Japan still nearly the same

2000 Japan was half of us wealth Now 1/6

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schooledbrit t1_jbpg9h4 wrote

Median wealth is a better metric. Japan's median wealth is higher than that of US and Sweden, and double that of Germany.

Of course this doesn't take into account the trillions in banks

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tabrisangel t1_jbgut45 wrote

Japan is literally one of the very worst economies on earth.

Crippling debt and 2 times as many people dieing each year then are being born.

I think it's the only economy in the world that's smaller than it was 1994.

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angelic_soldier t1_jbj59z5 wrote

3rd largest GDP in the world is one of the worst? Oof, I feel bad for everyone further down the list.

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schooledbrit t1_jbmhzc4 wrote

That's the funny part. Over half of the Government of Japan's debt is owned by the Bank of Japan. It's like being in debt to yourself.

They're ridiculously good at managing money. So good that in fact, if you investigate it closely it is the other countries that are in debt to them.

Also many countries in Europe, including almost every country in Southern Europe and Scandinavian countries like Finland have lower fertility rates than Japan

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mynameismy111 t1_jbn23vy wrote

If they were so good they wouldn't of dropped from half the wealth of the US in 2000 to now 1/6th

https://en.m.wikipedia.org/wiki/List_of_countries_by_total_wealth

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schooledbrit t1_jbpg41k wrote

Japan still has a higher median wealth than that of US or Sweden, and double that of Germany

https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult

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