Why does Greece have a debt crisis, but Japan doesn't?

1. Greece does not hold its debts domestically, in a currency under its control. Most of its debts are owed to foreign lenders, and the Euro is not a currency that is under the sole control of Greece. Japan's debts are largely owed domestically, and Japan's currency is under Japan's sole control. 2. read more

Well, that does not mean Japan does not have a crisis, just that it can kick the can down the road far longer than Greece can. Since the Yen is a currency major, the crisis, if and when it hits will be a currency crisis when people will lose trust in the currency. read more