fifth straight month of trade deficits, with November of this year 38% worse than last year. But this is not a big deal because the USA hasn't had a positive balance of trade for the year since 1975. If you're counting, that's 37 years. Confused? Read this. Then, Japan's public debt to Gross Domestic Product ratio is about a world worst 200+%. Bad? Not really, for most of this debt is to its own people. Take a look at the interest rate to the right. America's ratio is in the range of 100%, which scares a lot of people, but we too are getting by on low interest rates. However, wars cost money:
Note how our debt jumps during all our wars. While interest rates are less than 2%, its smart to borrow. When inflation occurs, we become a lending nation, using the low 5-10 year loans from China, etc., as the base.
New Japan leader vows no compromise on islands
Unfortunately, too, these attitudes will only mean increasing military expenditures for these two countries, money that could be put to better use for domestic needs. If only China could surprise the world by hosting an Asian Summit to equally share these islands. Such a simple, but, apparently, impossible, solution!