armo, you have very very poor understanding of economics. you do not need to be an economic expert or rocket scientist to know principle of money.

The author is right! Japan cannot keep issuing debt to its own people in terms of yen. Debt is debt does not matter where you it comes from!!

Even if they devalue their yen by 50% and write off all internal debt, they will still go belly up at this rate!

Japan imports more than it exports. If they keep devaluing the yen. The exports will be cheap and they will have to pay massive price to import goods!
Dont you see why greece is fighting to be in euro? what about zimbawbe? and our own california?

And just because export become cheap, does not mean there is a bee line to buy japanese products. Whatever japanese can do koreans have done better, taiwan and china are catching up quick.

The case in point is sony/sharp not number one any more. It is samsung and lg who are ruling the world. has the stock market come back from the slump even after 2 decades? Hell no and they cannot!

This is what your learnt at UCLA? Some mumbo jumbo convoluted theory of yours? I am sure you still owe lot of debt on your tuition to that
deemed school! It is no berkley ok?
This is common sense and you do not need to be an expert in economics to understand their mess!
America is following suit as well!

And on top of it, you are giving attitude to the author.

I could not expect any better than an undergrad from that ok school UCLA!

First I should bitch slap your sorry ass before indoctrinating some basic economic principles.
dig it?