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Liberal Democratic Party Japan

Bank of Japan Prepares to Launch More Zeros

Michael Pento | Posted 03.20.2013 | Business
Michael Pento

The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.