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Japan's MOF has set up a Twitter account to sell bonds, finmin Azumi is sending thank you-notes...

Japan's MOF has set up a Twitter account to sell bonds, finmin Azumi is sending thank you-notes and even gold coins for big purchases as household holdings of JGBs sink to 3.09%, the lowest level since 2005. With 10-year paper yielding just 1%, "Mrs. Watanabe" would rather own foreign exchange or liquid deposits (or maybe stocks?).
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Comments (3)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    LOL!! Have to give away a GOLD coin to get the genpop to buy house debt.

     

    What does that tell you?
    28 Mar 2012, 10:19 AM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    The real question is, which will have more value at the end of 10 years, the gold coin or 10 million yen in JGB paper
    28 Mar 2012, 10:29 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    You mean 10T ;)
    28 Mar 2012, 10:46 AM Reply Like
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