“The new team is much closer to the Fed and the Bank of England, but critics say the bank risks becoming a mere branch of the finance mininstry — where Mr Kuroda spent much of his careers. The great fear is that Japan will lurch from stable deflation to an unstable price spiral that suddenly causes investors to question the integrity of the country’s 23 trillion public debt, the world’s largest. The IMF says Japan’s gross debt will reach 245pc of GDP this year. It has been possible so far because banks have gobbled up government bonds worth 100pc of GDP but this makes the banking system ever more vulnerable to a sudden rise in rates.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
NSA surveillance goes beyond Orwell's imagination: Guardian editor
Australian inquiry says digital currencies are real money
Jewellers open Gulf shops to serve 50-60% rise in India gold sales
Americans Abroad Stranded as US Check Clearance Blocked
Russian lawmaker: Snowden agrees to Venezuela offer of asylum
Romney tells public of secret meeting with MI6 spy chief
U.S. now has most Spanish speakers outside Mexico
Needy EU Nations Woo Chinese Home Buyers to Ease Slump
Bank of China New York opens Queens branch
Boomtown: Washington D.C. Passes Silicon Valley For Highest Median Income In U.S.
Minneapolis cop who allegedly had sex with underage girls is jailed
TSA opens museum to inspire its mission
New IRS guidance limits FBAR seizures to a mere 100% of account value
Swiss bankers stay home amid US global tax evasion manhunt
Chinese solar panel company defaults on $541 million worth of bonds