November 25, 2015

Japan enjoys the biggest net foreign asset ranking in the world

Japanese coins and currency copyright peter hanami 2007
Picture: Japanese coins and currency

“Advocates of QE (Quantitative Easing) point to Japan, which has endured bouts of deflation since its economy imploded in 1990..collectively, the Japanese enjoy the biggest net foreign asset position in the world”

Source: Printing more money not the answer for ailing European economies by Adam Creighton, The Australian Newspaper, Friday January 23rd 2015, page 29.

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