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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?).
Comments (3)
  • 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
  • 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
  • You mean 10T ;)
    28 Mar 2012, 10:46 AM Reply Like
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