Not sure about &quot;doomed&quot;, but you can&#x27;t spend money you don&#x27;t have forever, you are taking the money from the future. Also, aging demographics is a big issue, because there will be fewer and fewer people to pay for retirees.<p>There are well-known hedge funds (check out Kyle Bass) betting against Japan.<p>There will be painful decisions to make, not just for Japan, but for other indebted countries (most of the developed world, unfortunately).