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Bank of Japan Monetizes Debt at Negative Rates

10/9/2014

 
Just to be clear: normally, people who buy debt expect to get their money back plus some interest. Negative yield means the buyer gets back less than he or she puts in.

In other words, the Bank of Japan is now
implicitly ISSUING debt TO the Japanese Treasury!
Yes, read that again. WSJ has more to say here.

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