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'Drone' money or zaito bonds more likely from the BOJ instead
Published Wed, Jul 20, 2016 · 09:50 PM
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 have su…
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