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Preestablished harmony: The Japanese government's demand for Japanese government bonds

Onji, Kazuki; Kameda, Keigo; Akai, Nobuo

Description

The Japanese government is heavily indebted but the yield on the Japanese government bond (JBG) remains low to date. We hypothesize that the presence of the Japanese government as a large stable investor of JGBs exerted a stabilizing influence on private

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
URI: http://hdl.handle.net/1885/62668
Source: Japan and the World Economy
DOI: 10.1016/j.japwor.2012.03.001

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