This page has been archived and commenting is disabled.

Japan's Debt Crisis Visualized

Tyler Durden's picture


In just a few short minutes, inspired by Kyle Bass, Addogram presents a short visual explanation of Japan's debt problem. In the time it takes Ben Bernanke to print $13.7 million you'll have a deep understanding of Aso, Abe, and Kuroda's impending debt crisis.



- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 04/04/2013 - 21:08 | Link to Comment The Invisible Foot
The Invisible Foot's picture

97% of all currency is digital. Have fun.

Thu, 04/04/2013 - 21:12 | Link to Comment prains
prains's picture

and at 4% that's 101% fun

Thu, 04/04/2013 - 21:13 | Link to Comment The They
The They's picture

don't worry, they'll print the money

Thu, 04/04/2013 - 21:21 | Link to Comment DJ Happy Ending
DJ Happy Ending's picture

"In the time it takes Ben Bernanke to print $13.7 million"

Awesome perspective. Perfect description. Thank you TD.

Thu, 04/04/2013 - 22:35 | Link to Comment markmotive
markmotive's picture

Japan is getting worse and worse. This desperation is the final attempts to regain control before they realize that they never had control

Kyle Bass discusses Japan's imploding economy:

Fri, 04/05/2013 - 01:55 | Link to Comment MedTechEntrepreneur
MedTechEntrepreneur's picture

Anyone know how they calculate Japanese debt?  Does it include unfunded liabilites?

Fri, 04/05/2013 - 05:40 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

Very very big calculator* with many many zero.

* Made in China

Fri, 04/05/2013 - 12:22 | Link to Comment JeffB
JeffB's picture

Good question. My guess is no.

Fwiw, if you add the U.S.'s unfunded liabilities like Medicare, Social Security and the Prescription Drug program for Medicare our total debt comes to more than $1.2 million per taxpayer and climbing rapidly. (U.S. Debt Clock)

Of course, the mantra is that all is well because "we owe it to ourselves" as if it's ok to default on promises to fellow citizens. Grandma & grandpa won't mind surviving on dog food until Kevorkian's proteges come along to put them out of their misery I'm sure.

Let's get going... we need to spend more government money to get our economy going and healthy again. Just ask Krugman our Nobel Laureate economist and Ben Bernanke, "Man of the Year", and protege of "The Maestro".


Fri, 04/05/2013 - 14:55 | Link to Comment MedTechEntrepreneur
MedTechEntrepreneur's picture

Yeah, that is what I was driving at.  Bass says that when debt is 24X revenues, you're finished.  Well, if you factor unfunded liabilites, the US is well beyond 24x revenues..

Fri, 04/05/2013 - 16:46 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

Come to Russia, pay debt in worthless Ruble!

Thu, 04/04/2013 - 22:19 | Link to Comment Alexandre Stavisky
Alexandre Stavisky's picture

Central Banks are combined with the enforcement arms of all gov'ts.  They can devalue, inflate, deflate, confiscate, kill, murder, declare uncitizens.  They don't really worry about blowback.  They know there is no recourse to their tyranny.  The silly Amerigo experiment which gave the illusion of escape from the house of Coburg-Saxe, Windsor, Hanover, etc. was just a ruse.  Write whatever you want upon the sacred documents, what reality is, is diKtat.  Maybe since the old world was ruled with the Great-greats of Victoria, the new world was left as the playground of purse pretenders.  Red Field had no crown, so why not in a federal field.

Those emblems of social contracts, rights of men, economic self-determinism, liberty, inviolable personal property, bills of rights, and constitutions which check the large ugly powers were but means to spur economic new world men to provide for the extracting powers.  Serfs under illusion of liberty perform so much better.

In this New economic world, no individual can impose the smallest check upon the imperious will of the fiat controllers.  The complete powers of darkness are arrayed against.  Ultimately all live by daily dispensation of a whimsical sovereign.  This sovereign will strip you of all property, happiness, and liberty with caprice aforethought.  That you exist whatsoever is but to maintain the morale of the other Rubes.  When (and it will certainly come to pass) they decide that your every particle, including privilege of life, no longer serve their interests and the expansion of their state--You will be erased. So much fertilizer.

In this new world, easy, serene platititudes of divine right to life, liberty, pursuits of individual happiness are deeply subordinate to those dark riders who live upon your exertions.  Indeed, every token of economic life is daily manipulated to the advantage of evildoers and the disadvantage of the honorable laborers.  Bonds, forex, currency, stocks, commodities, wage rates, product prices--all moved to satisfy the whim of central planners whose repression and impositions are daily small deaths.  Greater death, misery, and woe follow when the surplus of good men are exhausted.

And yet we persist in the hope of kingdom come.

Fri, 04/05/2013 - 00:55 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

+100 Wow. perfect. Great post.

Fri, 04/05/2013 - 05:44 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

High Priest of Mammon, trafficker in soul of men. Where is Boris' vodka!?

Thu, 04/04/2013 - 22:08 | Link to Comment zorba THE GREEK
zorba THE GREEK's picture

Any country whose leader is an Aso is probably in trouble, and that is most

Western nations.

Thu, 04/04/2013 - 23:41 | Link to Comment rotagen
rotagen's picture

Debt is a problem.  First of all, it doesn't exist except the Rockefuckers and Rothschildren got a gun to your head... what's the point of even discussing this crap once you realize this basic truth?  Economists and all the crap they write... a freaking joke, talk about a hologram.

Thu, 04/04/2013 - 21:10 | Link to Comment Seasmoke
Seasmoke's picture

Game over.

Thu, 04/04/2013 - 21:27 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Don't worry, Dr. Krugman will rewrite math.

Thu, 04/04/2013 - 22:01 | Link to Comment Nothing To See Here
Nothing To See Here's picture

Hell no, he's in debt nirvana right now, he woudnt change a thing

Thu, 04/04/2013 - 22:19 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Einstein, on the greatest invention of the 20th century:  Compound Interest!

Fri, 04/05/2013 - 07:09 | Link to Comment blindman
blindman's picture

"Technological progress is like an axe in the hands of a pathological criminal."

-- Albert Einstein

Read more:
"He who joyfully marches in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would suffice."
-- Albert Einstein

Thu, 04/04/2013 - 21:22 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Ain't no debt in Japan now.....

nikkei up 459 points........

everyone witch now.......

Fri, 04/05/2013 - 10:44 | Link to Comment Honey Badger
Honey Badger's picture

Eggs in japan are up 459 points too. 

Thu, 04/04/2013 - 21:20 | Link to Comment Stockmonger
Stockmonger's picture

Bah, they'll just print more yen and it'll all be fine.

Thu, 04/04/2013 - 21:23 | Link to Comment random shots
random shots's picture

I remember a time when the U.S. debt figure was $9 trillion and the 10 Year was at 5.25%. The common belief?  Borrowering rates would only go higher due to the increase risk of the U.S. not being able to service its debt. Now the U.S. Debt figure is $14 Trillion and the 10 year is 1.75%. Don't fight the feds, bitches.

Thu, 04/04/2013 - 21:29 | Link to Comment TumblingDice
TumblingDice's picture

I remember a time when treasury paper had a positive real rate of return and the economy wasn't always in a life or death struggle to blow the next bubble in order to stay alive. Now I have the TV to tell me that these things don't matter and everything is just fine. I just need to buy the right stocks like LNKD and FB so I can afford to buy my next happy meal at McDonalds.

Fri, 04/05/2013 - 05:02 | Link to Comment Nobody For President
Nobody For President's picture

Yep, ain't nostalgia great?

Fri, 04/05/2013 - 06:08 | Link to Comment Fox-Scully
Fox-Scully's picture

Your Happy Meal is free if you are working at McDonalds.

Thu, 04/04/2013 - 21:26 | Link to Comment 1835jackson
1835jackson's picture

Forget about Japan, North Korea etc. Something else is stinking right now and that is the middle east. I smells a war comin!

Thu, 04/04/2013 - 22:20 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Yes, ANY distraction or action (Magician's trick) or 'sacrificial offering' will do, to save the dollar from collapsing.

Thu, 04/04/2013 - 22:33 | Link to Comment BLOTTO
BLOTTO's picture

Something very special about the area called the middle east, the so called 'birth place of civilization.'


Their is some old school, old time, ancient occult stuff of importance going on there for a long long time...whether one believes it or not - 'they' sure do.


This goes way beyond probably anything we can comprehend.

We would shit our pants if we really knew the truth...

Thu, 04/04/2013 - 21:31 | Link to Comment NoDebt
NoDebt's picture

Love the companies that do those graphic explanations.  I use one called Brainshark personally, but they're all pretty handy when you're trying to bridge a wide gulf of understanding quickly.

So the most highly indebted country in the developed world (as a percent of GDP) is closest to the precipice..... who couldanodeit?


Thu, 04/04/2013 - 21:44 | Link to Comment andrewp111
andrewp111's picture

Japan will simply change the system before this scenario plays out. If they go to a full MMT system, new Yen are created by the act of the government spending them into existence. No debt is needed.  Or they just mint trillion yen coins - same idea.  The debt is extinguished / inflated away.

Japan's real problem is energy. If they go to full-on MMT, they have to become energy self-sufficient to avoid ruinous hyperinflation. This means they need to restart all nuclear reactors, and build 3x more.

Thu, 04/04/2013 - 23:35 | Link to Comment Mine Is Bigger
Mine Is Bigger's picture

I have been wondering for sometime why they haven't developed more geothermal power plants.  The country is basically sitting on top of a volcanic belt.

Fri, 04/05/2013 - 07:46 | Link to Comment blindman
blindman's picture

in japan they wonder the same thing.

Fri, 04/05/2013 - 07:53 | Link to Comment e-recep
e-recep's picture

japan is owned by the usa since 1945.

Thu, 04/04/2013 - 21:59 | Link to Comment tom a taxpayer
tom a taxpayer's picture

Japan's Bebt Crisis Vocalized.

Fly me to the moon...

Chairman of the Board, Frank Sinatra

Or, maybe, it's Japanese My Way.

And now, the end is here

And so I face the final curtain


Thu, 04/04/2013 - 22:04 | Link to Comment realtick
realtick's picture

don't worry

Brothers Gonna Work It Out

Thu, 04/04/2013 - 22:10 | Link to Comment hannah
hannah's picture

isnt it funny to read people make statements like 'if japan did this or japan did that they could fix this mess...' if there is any other ending to this ending...death war collapse pain pain pain.....!

Thu, 04/04/2013 - 22:15 | Link to Comment Izznogood
Izznogood's picture

I applaud  for trying, but I still think Kyle Bass does a better job of explaining Japan's debt problem.

Thu, 04/04/2013 - 22:15 | Link to Comment monopoly
monopoly's picture

Excellent, well done.

Thu, 04/04/2013 - 22:17 | Link to Comment Gmacks
Gmacks's picture

Fix the bloody videos so the damn adds don't cover up half the videos on iPads!

Thu, 04/04/2013 - 22:18 | Link to Comment docinthehouse
docinthehouse's picture

Here is a medical analogy

Debt is a disease.

It is cumulative in its affect and effects.


Let's call it a cancer.

A little cancer hurts nothing.

But as the cancer grows, it consumes the host, by interfering with vital functions.

It overwhelms the host and kills it.


Debt is cancer.  Properly managed debt can be eliminated .  Ooops I mean cancer.

They are organically the same.

Bernanke is a tumor that needs irradiation.

Send him to Fukishima!

Is there a word in our language that Bernanke equates to?

How about FUCKED.

Great leadership skills Benny

Now the whole world is morphing down your pie hole.



Thu, 04/04/2013 - 22:26 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Tyler's link stopped working for me around the 3:38 mark.  I had to copy the embedded URL link and watch the entirety on youtube:

Fri, 04/05/2013 - 00:11 | Link to Comment JackT
JackT's picture

Everyone jumping in front of steamrollers for dimes will hang in there until 3.97%.

Fri, 04/05/2013 - 00:29 | Link to Comment Izznogood
Izznogood's picture

Kyle says: "Japan is about to implode"

Soros says: "Stimulous may trigger Yen avalanche"

Gross says: "BOJ has gone all in"


Something tells me that the proverbial manure is about to hit the fan ...

Fri, 04/05/2013 - 00:49 | Link to Comment q99x2
q99x2's picture

If South Korea is eliminated Japan could push things out a number of years. But then we would have no more Korean soaps. Life in my particular household would not be good.

Fri, 04/05/2013 - 06:45 | Link to Comment falak pema
falak pema's picture

this analogy applies to FED printing and BOE printing; both those CB print/ZIRP interest rate economies are in the same conundrum. Along with Club Med Euro zone. 

Too much debt everywhere; Japan is joining the debt print and Zirp money stimulus bigtime five years behind BEN, the Arch villain in this game.

This is a Pax Americana construct and the surrogates will now fall like nine pins until it reaches the core reserve currency.

Where will Kyle and Soros run to then? 

PS : I wonder what our good Dr Krug, who sometimes post here at ZH, has to say about the Keynesian End point concept and its application to different countries. Kudos to Aftab Singh for this presentation. 

Fri, 04/05/2013 - 06:27 | Link to Comment cnx
cnx's picture

Just a dumb question: Isn't the US having a similar problem?

Fri, 04/05/2013 - 06:59 | Link to Comment blindman
blindman's picture

The Assault On Gold — Paul Craig Roberts
and control is lost.

Fri, 04/05/2013 - 08:14 | Link to Comment NEOSERF
NEOSERF's picture

Expect the quintillion yen coin to make the rounds in the media is getting that stupid all over.

Fri, 04/05/2013 - 08:16 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

Can someone please show this 6 minute video to tthe white house.  I don't think they will get it, but one can hope.  After all, If all you took as an undergrad wad sociology classes, and then went on to law school where the only thing they ever taught you for years is never to admit any wrongdoing ever, I can see how you would miss out on simple concepts.  Come to think of it, that pretty much sums up 99 percent of DC


Fri, 04/05/2013 - 09:54 | Link to Comment el Gallinazo
el Gallinazo's picture

Really thought highly of this video, but have just one issue.  They strongly imply that the interest rate changes effect all bonds instantaneously in relationship to required government interest payments, while in fact it is a very gradual process depending on the shape of the yield curve.

Fri, 04/05/2013 - 11:22 | Link to Comment dootyfree
dootyfree's picture

You idiots... Japan will NEVER have a debt crisis as long as they issue debt in a currency they create.  Can never happen.  I will continue to trade against you idiots.  thanks for making me rich.

Do NOT follow this link or you will be banned from the site!