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Japan's soaring national debt, more than twice the size of its economy, has reached a new milestone, surpassing 1 quadrillion yen. Experts are of the view that it is the unstability in the Indian currency that is largely blamed.
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Japan's Debt Looks Like This_ 1,000,000,000,000,000 Yen
Japan's soaring national debt, more than twice the size of its economy, has reached a new milestone, surpassing 1 quadrillion yen. Experts are of the view that it is the unstability in the Indian currency that is largely blamed.
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Japan's soaring national debt, more than twice the size of its economy, has reached a new milestone, surpassing 1 quadrillion yen. Experts are of the view that it is the unstability in the Indian currency that is largely blamed.
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Attribution Non-Commercial (BY-NC)
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| Log In | Join | International Business Home Markets IPO Personal Finance Mutual Funds Tech Jobs Features Blogs Slideshows ET NOW ET Speed Top News News By Industry News By Company Economy Politics and Nation International Business Emerging Businesses PSU Press Releases Other Press Releases NRI Hi there, Login with your Facebook ID to see what your friends are reading on Times of India and Economic Times. Rupee rot on rise Where is the market headed? Rupee decides, say experts The stock market has been very volatile of late. Experts are of the view that it is the unstability in the Indian currency that is largely to be blamed. Rupee unlikely to regain ground against dollar over the next year Chidambaram could unveil more steps to stem rupee slide SPOTLIGHT You are here: ET Home News International Business Platinum Sponsors Gold Sponsors Opinion New By New York Times | 10 Aug, 2013, 01.48PM IST 10 comments | Post a Comment 0 2 Ads by Google Have a Midwife Diploma? GCU.edu/Bachelor-of-Nursing - Earn Your Nursing Bachelor Degree Online with GCU. Get Started Now! Japans soaring national debt, already more than twice the size of its economy, has reached a new milestone, surpassing 1 quadrillion yen. Editor's Pick $948 mn embezzled from Chinese house projects Govt debt funds worldwide see record $4 bn outflow UBS to pay $120 mn in settlement over Lehman notes Apple patent wins could mean US import ban for Samsung US trade panel: Samsung infringes Apple patents Japan's debt looks like this: 1,000,000,000,000,000 yen READ MORE ON yen | John Schwartz | Japn Economy | Gross Domestic Product | debt By John Schwartz Japan's soaring national debt, already more than twice the size of its economy, has reached a new milestone, surpassing 1 quadrillion yen. Let the word quadrillion roll around in your brain for a moment or two, because it is not something you hear every day. Quadrillion. 1,000,000,000,000,000. Really. A paltry million is the numeral one followed by six zeros. A billion? Nine zeros. A trillion is getting up there: 12 zeros. But the mighty quadrillion has 15 of them. The mind boggles. (Although it doesn't googol: That one is followed by 100 zeros. And that's the actual spelling. You can Google it.) A quadrillion is a million billion, putting it into the kind of language used by middle schoolers to describe really humongous sums, along with gazillion and bazillion. Measuring any currency in quadrillions brings to mind the hyperinflation of Germany between the wars, or Zimbabwe in the last decade. But a country with a real currency? It is such a big and unusual word, describing such a big and unusual number, that its Share Share 5 Share More News Indiatimes | The Times of India | The Economic Times | More Search for News, Stock Quotes & NAV's Japan's debt looks like this: 1,000,000,000,000,000 yen - The Economic ... http://economictimes.indiatimes.com/news/international-business/japans-... 1 of 4 10/08/2013 4:20 PM Most Read Most Shared Most Commented News in Pics 2/20 Images of Eid festivities from across the world Eight smart money moves to make before the ag... MBA no longer a passport to a successful care... Step-by-step guide to file your income tax re... Amrit Kaur: Aged 80, she's India's newest bil... Little-known tax deductions you might have mi... More Most Watched Videos PE, VC, M&A in India Private Co Transaction Multiples, Financials & Returns. Data From '98 : www.ventureintelligence.in Ads by Google PREVIOUS STORY Is too much welfare preventing initiative in US? NEXT STORY $948 mn embezzled from Chinese house projects: Auditors use is inconsistent: Bloomberg News used quadrillion in the headline of an early story Friday about Japan's debt, but later in the day the stories and headlines referred to a "thousand trillion," which is not nearly as much fun. Questions emailed to the Bloomberg editors responsible for those stories were not returned, suggesting perhaps a lexicographical quadrilliongate. How much is a quadrillion? The entire human body is said to have just 100 trillion cells; it takes 10 of us to make a quadrillion. Jeff Bezos has a personal fortune of some $25 billion, allowing him to plunk down $250 million for The Washington Post, which is essentially how much money he might find by looking behind his sofa cushions. To get to a quadrillion dollars, however, we would have to have 40,000 Bezoses, or as many people as live in Prescott, Ariz. Neil deGrasse Tyson, the astrophysicist and director of the Hayden Planetarium at the American Museum of Natural History, helpfully offered a few other ways to think about a quadrillion. "It would take you 31 million years to count to a quadrillion - one number per second, never sleeping," he said in an email, adding that "a quadrillion yen, stacked in 1,000-yen notes, would ascend 70,000 miles high." He also wrote, although it is not clear how he would know such a thing, that "the total number of all sounds and words ever uttered by all humans who have ever lived is about 100 quadrillion." "This figure includes all congressional debates and filibusters," Tyson wrote. Compared with Japan, the U.S. national debt is a mere $16 trillion or so. But if you convert that number into yen, it comes to about 1.5 quadrillion. So it's good to have a currency that conserves its zeros. Of course, that also means the total U.S. debt is even larger than Japan's (although not, it should be noted, as a percentage of gross domestic product). Hmm. Let's not talk about that. READ MORE ON yen | John Schwartz | Japn Economy | Gross Domestic Product | debt Follow Economic Times International Business Section, For The Latest News! Recommend Send 51 people recommend this. Sign Up to see what your friends Like 64 Japan's debt looks like this: 1,000,000,000,000,000 yen - The Economic ... http://economictimes.indiatimes.com/news/international-business/japans-... 2 of 4 10/08/2013 4:20 PM MORE FROM VIDEOS Slide Shows Ten remarkable infrastructure developments in India From roadways, railways to airports and other smart-city initiatives, the last few years have ... Ten metro rail projects transforming Indian cities We take a look at how Metro connectivity has helped many cities in India and the upcoming netw... What's new in Android 4.3 Jelly Bean OS Google's latest tablet Nexus 7, will run on Android 4.3 Jelly Bean Operating software. And alt... More Slideshows director of HCL Tech Roshni Nadar appointed additional direct... Brand Equity: Priyanka Chopra hits the h... Meet Rohini Nilekani, who mastered the a... NEWEST OLDEST RECOMMENDED (3) MOST DISCUSSED AGREE LOGGED IN COMMENTSNEW! After Europe's economic melt down , now japan, the second largest economy in Asia in trouble. all the nations that depended more on exports do face these problems as the export potential is diminishing, Agree (0) Disagree (0) Recommend (0) Offensive Howmany HONDA, ToYOTA, SONY etc., will world have to buy to bridge this debt ? When will Japan ever clear this debt? Who is funding this debt ? Agree (0) Disagree (0) Recommend (0) Offensive Such a small Loan.. Just 1 Trillion Dollar.. Less than 1.5 Trillion Dollar of US.. Agree (0) Disagree (0) Recommend (0) Offensive don't see the No of Zero's in the National Debt but see the Growth it is doing with those high Debt. they really make others zero in terms of Quality & development. isn't. Agree (0) Disagree (0) Recommend (0) Offensive The YEN as a currency consumes more Zeros.. The Word Quadrillion is also very new to learn.. Great article for learning numbers.. Ohh Sorry. The Debt is also very huge but less than US in absolute terms.. Agree (0) Disagree (0) Recommend (0) Offensive safe place know in u,k the best place for this yen Agree (0) Disagree (0) Recommend (0) Offensive US Debt is 60% more. But given Japanese propensity to save and historical low interest Agree (1) Readers' opinions (10) Have something to say? Post your comment Comments are moderated and will be allowed if they are about the topic and not abusive. Characters remaining (1500) 12 Minutes ago Krishna Murthy R.V.G (INDIA) 33 Minutes ago Venkateswar (Hyderabad) 39 Minutes ago RAHUL JAISWAL (Ahmedabad) 53 Minutes ago Saurav (Jodhpur Rajasthan) 55 Minutes ago RAHUL JAISWAL (Ahmedabad) 1 Hour ago Jason Lopez (U,k) 1 Hour ago SharadaK (Mumbai) Japan's debt looks like this: 1,000,000,000,000,000 yen - The Economic ... http://economictimes.indiatimes.com/news/international-business/japans-... 3 of 4 10/08/2013 4:20 PM Get a Quote Other Times Group news sites Times of India | 5|=|l-5 | | Mumbai Mirror Times Now | Indiatimes |
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