Japan's Internal Debt
Japan enjoys a strong international financial position but has a massive internal debt, 140% of GDP in 2001. Does this matter? Can its internal debt go on growing indefinitely, or if nothing changes will it finally encounter limits and constraints? This paper tries to visualize what those limits and constraints would be.
Source: Working paper
Beim, David. "Japan's Internal Debt." Working paper, Columbia Business School, July 2002.