Anyway just because Japan does this, or does that, should not be an indicator of anything.
Fortunately, some other countries have not followed the example of Japan, which has completely underperformed in its economic strategy and has been at the top of countries for the longest time in terms of debt to GDP ratio. This information is surprising many, because they consider the Japanese to be very intelligent and smart people, but now it is obvious that from time to time they have politicians conducting very dangerous experiments in economics.
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD). After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. Unfortunately, these actions caused Japan’s debt level to skyrocket.