Japan's position is also deteriorating rapidly.
This nation has the highest debt to GDP in the world at over 200%. Japan is the world's second largest economy at 5 trillion dollars of GDP.
It's debt is over 10 trillion dollars. However, please keep this in mind:
most of the debt or 95% is owed to its own citizens. There is very little foreign debt on the books of Japan. It is for this reason that Japan continues
to try and stimulate Japan's economy out of deflation. They have been unsuccessful for over 20 years. Look at what their new prime minister is attempting to do: