Japan can no longer defend the currency without threatening the bond market, support the bond market without weakening the currency, subsidize energy without issuing more debt, or raise taxes without damaging an already strained population.
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You're dreaming. No financial engineering can overcome a lack of taxable productive population when retirees are owed goods and services through taxation.
Japan's retiree population is constant, but their working age populace is collapsing.
Jul 29, 2026 · 2:32 PM UTC
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