schooledbrit
schooledbrit t1_jbpg9h4 wrote
Reply to comment by mynameismy111 in [OC] The world's biggest banks in 1988 by Solid-Tea7377
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
schooledbrit t1_jbpg41k wrote
Reply to comment by mynameismy111 in [OC] The world's biggest banks in 1988 by Solid-Tea7377
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
schooledbrit t1_jbmhzc4 wrote
Reply to comment by tabrisangel in [OC] The world's biggest banks in 1988 by Solid-Tea7377
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
schooledbrit t1_jbg0x1f wrote
Reply to comment by Solid-Tea7377 in [OC] The world's biggest banks in 1988 by Solid-Tea7377
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
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
schooledbrit t1_jbrm05h wrote
Reply to comment by mynameismy111 in [OC] The world's biggest banks in 1988 by Solid-Tea7377
Mean being more skewed isn't a good thing, means a lot of people suffer