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Bank of Japan owns over half that debt. Take out that debt and Japan's debt to GDP ratio falls below the US's. Now factor in how Bank of Japan's active surppre
by Danieru 4y ago
Bank of Japan owns over half that debt.
Take out that debt and Japan's debt to GDP ratio falls below the US's. Now factor in how Bank of Japan's active surppresion of interest rates occurs by buying debt. If Bank of Japan keeps the 10 year at 0.25% then the net government debt will continue it's free fall.
- Mistletoe 4y agoThe Bank of Japan is 55% (100% voting interest) owned by the government. I’ve seen this same scheme before in the Alameda/FTX news…
- spywaregorilla 4y agoThose two situations are very different
- mminer237 4y agoRoughly half of the US's national debt is owned by the government too.
- Danieru 4y agoThat figure includes the social security fund which is not included in the japanese figure. The social security fund is a liability, while the bank of Japan is fully a government asset.