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.
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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