Part 2/7:
For decades, Japan has precariously navigated its fiscal challenges. The alarming debt-to-GDP ratio is significantly higher than Greece's ratio back in 2012, which was already deemed unsustainable. However, Japan's debt situation has been somewhat manageable since a majority is held domestically, with the Japanese populace favoring domestic assets—such as bank deposits and life insurance. This stands in stark contrast to Greece, where foreign investors constituted a majority of bondholders, making the market more vulnerable to volatility and panic.