The Widowmaker Trade Has More Victims To Claim

The Widowmaker Trade Has More Victims To Claim
Alexander Ryumin/TASS News Agency Pool Photo via AP

One quadrillion yen. 1,000,000,000,000,000. Two hundred and thirty nine per cent of gross domestic product. Simply to state the epic size of Japan's public debt invokes a frisson of disaster foretold and virtuous warning duly given. A debt so large must surely end in financial catastrophe. Just look at Greece. Argument over. Do something and do it now, you deadbeats.

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