5 ms·
Japan got the opportunity to go on an international asset-buying spree (which is always less impactful to real GDP than it seems cough Belt and Road cough) [0]
by RC_ITR 4y ago
Japan got the opportunity to go on an international asset-buying spree (which is always less impactful to real GDP than it seems cough Belt and Road cough) [0] [1]
[0]https://www.washingtonpost.com/archive/politics/1989/10/31/japanese-to-buy-51-of-rockefeller-center/d6cca3ff-9e5a-4593-b6f0-4f939f464624/ https://www.washingtonpost.com/archive/politics/1989/10/31/j...
[1]https://www.latimes.com/archives/la-xpm-1987-11-19-fi-22750-story.html https://www.latimes.com/archives/la-xpm-1987-11-19-fi-22750-...
- 082349872349872 4y agoAha, so the japanese didn't really care about domestic stagflation because they'd internationally diversified? Seems like that might lead into "absentee landlord" moral hazards at some point?