PetaByte (@PetaRussell)

The glaring difference between the two is the composition of their debt ownership. In Japan, nearly 90% of debt is owned domestically by its citizens and institutions. By contrast, roughly a quarter of U.S. debt is held by international debt buyers. And so needs to ensure that its debt remains attractive to them by paying a high enough yield versus its global competitors — especially as this debt rises to higher and higher percentages of GDP, meaning that it becomes riskier to lend to the government. https://cointelegraph.com/news/america-debt-out-control-japan-debt-isnt