Saturday, June 3, 2017

Sandbox defeats monetary stimulus in Japan

Bitcoin News:
Bitcoin is attracting “Mrs Watanabe“, or retail investors who were originally Japanese housewives. Retail interest has jumped, bitcoin exchanges told Reuters on Friday. Investors are “trying to escape rock-bottom savings rates by investing in the cryptocurrency,” the publication wrote.The world’s third-largest economy has been “under a mounting debt burden that successive governments have failed to address,” the BBC described in May. Japan’s government debts have almost quintupled from 50% of the country’s GDP in 1980 to 239% of GDP today.Accompanying rising government debts is the falling of the Japanese household savings rate. From its peak of more than 23 percent, it turned negative in 2013.
Central banks need a clue soon. 

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