Moreover, Japan’s private sector – its households and companies – sits atop a mountain of savings, which is mostly used to purchase JGBs. Because the government can still borrow mainly from the Japanese people, its balance sheet remains stable.
此外，日本的家庭和企业等私有部门握有大量的储蓄，这些储蓄主要用于购买日债。因为政府仍然可以向日本民众借钱，因此基本保持了资产负债表的稳定。但鉴于日本人口迅速老化，这种情况还能持续多久？