US public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.

in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.

——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”