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

Onji, Kazuki; Kameda, Keigo; Akai, Nobuo


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
Source: Japan and the World Economy
DOI: 10.1016/j.japwor.2012.03.001


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