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EDITORIAL

'Drone' money or zaito bonds more likely from the BOJ instead

Thursday, July 21, 2016 - 05:50

AN awful lot of fuss and confusion has been created recently by reports that the Japanese government may be about to begin issuing "perpetual bonds" or non-repayable IOUs, thus harking back to the 1930s when military-driven spending eventually led Japan into hyper-inflation.

Such reports

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