on geopolitics

Japan's Central Bank Writes Tokyo a Blank Check

Mark Fleming-Williams
Senior Analyst, Global Economy
Oct 11, 2016 | 08:00 GMT
Japan's Central Bank Bond Purchases Linked To Government Issuing Debt
The Japanese government has found a new way forward in its effort to get its economy back on track.
(KAZUHIRO NOGI/AFP/Getty Images)

For the first time since World War II, the Bank of Japan's bond purchases will now be directly linked to the government's issuance of debt. With unlimited funds at its disposal, Tokyo will probably be able to spur economic growth, but at what cost?...

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