“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:
Bitcoin Pursues the Mainstream
Trump Vows to Unveil ‘Additional Security’ After 'Disgraceful' Court Blocks Travel Ban
Second NM driver gets cavity searched after stop for failure to signal
Life-saving transplant denied, health insurance canceled over 26-cent shortfall
Cops Use YOUR Children As Props For Homeland Security “School Shooter Drills”
Taiwanese Apple contractor probes claims of labor abuse
Global spat erupts over power of developing countries at IMF
Quality the priority over timing for Yangon Stock Exchange opening
Officer admits she didn’t write down ‘snowball’ in weapons charge
Let Us Go A-Wassell-ing
Altcoin Investment for Dummies
Bitcoin Rollercoaster Hits China, Challenging Supervision
How many grenade launchers did Michigan police departments receive?
Syria opposition ‘disappointed’ but thinks Congress will OK strike
Bag with bomb was at FBI building guard desk for weeks