EconomyThe dangers of ‘issuing as many government bonds as needed’: Historical lessons on yen depreciation, inflation and fiscal collapse after the MMT boom — Part 1
What deeper danger lies behind Japan’s sharp stock-market decline in the summer of 2026? The article examines the rapid growth of government debt and excessive reliance on Modern Monetary Theory. It asks whether these trends could produce hyperinflation resembling the crises experienced by Germany after World War I and the former Yugoslavia. The discussion focuses on the possible consequences for Japan’s currency, economy and public finances.
TToyo Keizai★★★☆☆2026-08-01 21:00Original
The dangers of ‘issuing as many government bonds as needed’: Historical lessons on yen depreciation, inflation and fiscal collapse after the MMT boom — Part 1
Economy