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To: Les H who wrote (59818)1/19/2001 2:31:55 PM
From: pater tenebrarum  Respond to of 436258
 
i'm amazed that the JGB's are holding up so well. yes, they have deflation in Japan, but the government sure is issuing a flood of debt paper. now the postal system is basically bankrupt, and all indications are the BoJ is getting ready to monetize bad debt left and right.