Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

IMF's Lagarde calls for Japan, U.S. debt cut targets

Politics Jan. 28, 2012 - 03:25AM JST ( 3 )

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some14someJan. 28, 2012 - 07:53AM JST

IMF should take over finances of these two nations and let's see how does it improve the debt conditions.
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SeiharinokazeJan. 28, 2012 - 02:51PM JST

The FRB has decided to adopt an inflation target of 2%. And they will keep the zero interest rate policy for another two years and if necessary increase money supply through buying TB and RMBS. Whereas the BOJ has been shiftless being admissive of delation and the Finance Ministry also knows little more than hiking sales tax which will only dampen domestic demand and draw out deflation leading to a further drop in revenue.
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SeiharinokazeJan. 28, 2012 - 04:41PM JST

Sorry, not delation but deflation. Though Japan's total public debt is estimated at 1,024 trillion yen, it has 500 trillion yen of assets, of which, except for 150 trillion yen of tangible assets that cannot be liquidated instantly, 130 trillion are securities and bank deposit and the remaining 250 trillion are loans and funds invested to quasi-government corporate bodies that can be liquidated to reduce the public debt substantially if you have the will to f*** the mind of bureaucrats. Is the IMF chief aware of it or does she say so deliberately? FYG Japan is also the greatest creditor nation in the world (563 trillion yens) as opposed to America the greatest debtor nation.