Japan’s Aso stresses the importance of lower Debt-to-GDP ratio

Japan’s Finance Minister Aso assured markets this Tuesday morning that his government has not retreated from the fiscal reform target and wants to bring down the Japanese Debt-to-GDP ratio, which stood at 250.16% in 2016.

Japan’s debt problem hasn’t turned into Greek-like crisis, mainly because domestic saving is much higher than domestic investment, thus the debt is absorbed domestically.