Addogram provides us with a visual representation of an otherwise complicated concept – government accumulation of sovereign debt obligations. How has Japan, once one of the world’s top, booming economies, drifted into malaise and stagnation? A combination of low interest rates and deficit government spending has led to a situation in which the Japanese central government will be unable to repay its debt obligations leading to a default. Abenomics is showing promising signs so far but it may be more what has led to this debt quandary for Japan.

[Addogram]