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.
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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.”
