When the financial world tries to anticipate the next meltdown, all eyes turn to Europe. But some analysts are looking to Japan instead. “A global fiasco is brewing in Japan, predicted Societe Generale analyst Dylan Grice in a recent report. Japan has had no fewer than nine finance ministers in the last 4½ years — one of whom apparently committed suicide after resigning. It’s savings rate is quickly approaching zero. Meanwhile, it has the oldest population in the world, with basically no immigration. When people retire, what do they do? They start to withdraw money from the banking system. You begin to see the problem.
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Debt-Laden Japan A Global Danger
The popular perception is that Japan is stagnant but stable despite heavy government debt. So why are analysts earmarking it for the next global meltdown?
Monthly Issue
April 2026
In this monthly issue, we examine how our understanding of energy — and how we source and use it — is evolving.
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