|Picture: Carp banners on boys day Japan|
June 06, 2016
June 03, 2016
"If you're looking at Japan, you have the Ministry of Finance issuing the debt, you have the Bank of Japan buying it, you can convert the debt into zero-coupon perpetual [bonds] and then gradually write the debt down," he told the conference.
"We're in a low-growth environment, and that's why we keep pulling the levers. "
Mark Burgess, chairman of Jamieson Coote Bond's advisory board
Source: The Age Newspaper, Wednesday 1st june, 2015
Demographics a challenge to global growth, May 31, 2016
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June 02, 2016
"A previous increase in the (sales) tax to 8 per cent in 2014 pushed Japan into a recession, prompting the government to delay the next phase of the increase that had been scheduled for October 2015"
Source: Minister back flips on Japan sales tax increase by James Mayger, Bloomberg, Australian Financial Review, Wednesday 1st JUne, 2016, page 10.
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