OH, GOODY: 40% of Japanese investors think there is a risk of a US default. “There are other reasons to worry about US debt, like the downturn, the dollar, and our entitlement problems. But when the citizens of a country with a debt-to-GDP ratio of 1 and more than a decade of economic stagnation behind them start complaining that you’re not such a good credit risk, it’s time to start worrying.”