Japan, the U.S.'s biggest creditor, faces a Greece-like fiscal crisis as borrowing costs hit a 20-year high; here's how it ended up there

Prime Minister Shigeru Ishiba warned of Japan's dire fiscal situation, exceeding even Greece's, as the nation's debt surpasses 2.5 times its GDP. Economic slowdown and rising borrowing costs, evidenced by increased 40-year bond yields, fuel recession fears. This occurs amidst Moody's downgrade of the US and Japan's significant role as a US creditor with holdings of $1.13 trillion.