Japan 17 years of increasing gov debt and what do you get?

Apparently not inflation nor very high real interest rates.  It strikes me that the chart below provides no safe harbour to new-Keynesians like Krugman nor old land-locked curmudgeons.

Source Data: IMF.

UPDATE: over at the PEF blog an interesting article on Japan and debt has been posted

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One thought on “Japan 17 years of increasing gov debt and what do you get?

  1. Pingback: Stop cluttering my inbox | Relentlessly Progressive Political Economy

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