You can see this shift in the bond market; individuals and pension funds alike are reducing their purchases of Japanese government bonds… which begs the question:
If the government is financing 46% of its budget with debt, but fewer and fewer people are willing to buy this debt, then how will they be able to keep the party going?
They won’t. It’s simple arithmetic. The only ways out for them are default and a currency crisis– the biggest in history. This would affect financial markets, banks, and the entire global financial system in a profound way.
Given the magnitude of this impact, and as close as they are to the end, this is simply not a trend that anyone can afford to ignore.”
Source The Sovereign Man