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Wow, didnt realize japans debt was so large compared to everyone elses. Singapore seems to be doing well with zero. Why isnt it first, then?
The chart represents gov debt. if singapore had 0 it would be in last place, not first. The note on Singapore with net 0, I think, is the total debt (gov + private (creditors?)). But I'm not sure. Maybe @Undisciplined can clarify.
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I don't think it's referring to private debt. My impression is that Singapore must hold as much debt as it has taken out: i.e. their national government holds the same amount of foreign debt as it has borrowed.
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