THE WIRE · № 90056
The global debt crisis has never been worse. Japan now has a gross government Debt-to-GDP ratio of 204.4%, the highest among any major world economy. Italy follows at 138.4%, while the United States stands at 125.8%, which is only below the ~132.0% record set during the 2020 pa
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The global debt crisis has never been worse. Japan now has a gross government Debt-to-GDP ratio of 204.4%, the highest among any major world economy. Italy follows at 138.4%, while the United States stands at 125.8%, which is only below the ~132.0% record set during the 2020 pandemic. At the same time, France’s gross government Debt-to-GDP ratio is 118.4%, while Canada’s, China’s, and the UK’s are 110.7%, 106.9%, and 103.6%, respectively. By comparison, Germany is the only major economy below 100.0%, at 64.6%. The current average among advanced economies is 108.2%. The world economy is drowning in debt.
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04 RECEIPTS
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WHAT THIS TOUCHES.
Japan September exports to China rise 8.6% year on year: MOF2026-10-20 23:50 UTC
China PBOC likely to fix yuan midpoint at 6.6779 per dollar – estimate2026-10-21 00:18 UTC
Japan finance minister katayama: government coordinating closely with BoJ, no major divergence on inflation outlook, policy2026-10-21 00:30 UTC
Japan finance minister Katayama: tax cut boosts demand and drives up prices2026-10-21 00:30 UTC
Japan finmin Katayama: will ensure proactive, responsible fiscal policy enhances Japan's supply capacity, doesn't accelerate inflation2026-10-21 00:31 UTC
COMMENTARY: China uses crude stockpiles, but rising oil imports may curtail draws2026-10-21 00:31 UTC
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Summaries are generated and may contain errors — every claim links its sources.