Says this bloke in The Guardian.
And then immediately and totally fucks up.
Because he only looks at aggregates. Japan owes debt to the US, the US owes debt to Japan etc.
No, specific people and organisations that happen to be located in Japan own US debt, just as specific people and organisations in the US own Japanese debt. If you\’re not going to look at the distribution of it all then you\’re never going to get close to the truth.