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Last edited by Supercilious; February 17, 2009, 01:56 PM. -
Re: The great patriotic repatriation...
Who does Japan owe? That high debt to GDP ratio simply tells me Japan has much less house hold debt as a ratio to public debt. Depending on who holds the debt it may not be debt at all. Does anyone have any data about who or what holds Japanese debt? How much of it is held by their central bank? If in fact most of it is held by their central bank all that number means is they are saving a ton of money circulating that as their money instead of interest bearing commercial credit. When the central bank holds all the treasuries it simply acts as a money supply.Originally posted by $#* View Post
If that is the case it is scandalous for Japan not to cut taxes drastically. Of course this would mean the banks are out another buck or Yen that is. -
Re: The great patriotic repatriation...
I will answer my own question. Here it is
http://www.iht.com/articles/2007/11/...erg/bxbond.phpOverseas investors owned ¥38.4 trillion of the ¥662 trillion in government bonds outstanding as of June 30, according to the Bank of Japan. Foreign ownership rose to 5.8 percent from 3 percent at the end of 2003. Japan's debt exceeds U.S. marketable government securities by about 30 percent.Gee up to 5% and that is next to all the US treasuries they hold. What a joke. Seems like most people cannot solve these kinds of jigsaw puzzles set up by financial interests but Japan has to rank as one of the most poorly analyzed. Why on earth is there even a Japanese bond market with 0% interest rates? This allows banks to pump out Yen for nothing and the bank of Japan mops them up and charges it to the people of Japan. The right thing to do would be to jack up interest rates and cut taxes to the bone. The Japanese have been made into slaves to their banks and exporters most exquisitely.
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