Japan tried desperately to pump billions upon billions of yen into its economy during the 1990 to jump start an economy ailing after a terrible real estate bubble that popped at the end of the 1980s. Twenty years later, Japan has a public debt that is twice its GDP and a credit rating of AA (one step below the US).
Most indebted countries:
- Japan – 213 percent of GDP
- Greece – 157 percent
- Italy – 129 percent
- Iceland – 121 percent
- Ireland – 120 percent
- Portugal – 111 percent
- United States – 101 percent
- Belgium – 101 percent
- France – 97 percent
- United Kingdom – 89 percent
