However, this utopian dream isn't all that great in hindsight because it isn't something that can be financially sustained. Any nation that prides itself over significant social policies will know that when it's time to pay up, it's quite difficult to find a means to pay it back, especially when your Debt is as high as Japan's.

If you visit the debt-clock website found here you'll see a few unbelievable numbers.

First, the Debt per citizen is at $77,605. This is slightly lower than America's $82 per citizen. In contrast it's not so bad... But this number doesn't matter too much. It's simply the national debt divided by its citizens and it could really mean anything depending what the nation is doing with investments etc...

The most interesting number here is the Debt as % GDP.

Japan: 258.81%

USA: 134.23%

Japan's is insane, just absolutely over-the-top ridiculous. The GDP is Gross Domestic Product which in this context means what the country produces vs the debt it owes. Basically, is the country making money?

Japan is the highest at 258.81%. The next on the list is Greece which as 191.4%. Any number above 77% will experience significant slowdowns with economic growth according to the World Bank. The higher the number, the more likely the nation is to default. This means Japan has gone so far above and beyond that any day can be the day that they declare bankruptcy.

But we knew this, we knew this for years and years and somehow they manage to avoid bankruptcy for a little longer. What does this mean to anyone who wants to live in Japan? That depends. Japan is growing in debt, its future is uncertain as it has been for a while but there is a sort of economic purge if you will where small businesses are closing down, people are losing their jobs and a lot of people are being evicted to the streets. This is bad news for citizens of Japan but not necessarily bad for foreigners.

Businesses will still need foreigners to do foreigner related things like teach, translate, specialty trade etc... Additionally the only way that Japan can get out of this mess is if they open the country to foreigners and recently they have started to do this.

There are many issues plaguing Japan but not all hope is lost and I believe this is now the time for Japan to open up an insensitize foreigners to work and move there perhaps permanently. Although a word of advice, I probably would not drop your citizenship to move to Japan as you shouldn't place all your eggs in one basket should SHTF.