Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

Macroeconomics

<ul>
<li>France and Japan have seen a large increase in total non-financial sector debt/GDP since 2007, though these have been exceeded by China.  What are the consequences of this build up? </li>
<li>Most of the surge in debt/GDP in Japan and 40% in France is due to higher government debt.</li>
<li>The adverse impact of higher debt and debt servicing on France’s and Japan's economies should be small given a property crash or anti Euro government are avoided.</li>
</ul>


France and Japan have seen a large increase in total non-financial sector debt/GDP since 2007, though these have been exceeded by China.  What are the consequences of this build up? 
Most of the surge in debt/GDP in Japan and 40% in France is due to higher government debt.
The adverse impact of higher debt and debt servicing on France’s and Japan's economies should be small given a property crash or anti Euro government are avoided.


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