TOKYO (Commodity Online): Amidst this financial crisis, triggered by money printing excesses, the Japanese government has decided to bury itself further in debt.
As per official data, Japan will issue bonds totalling 149.7 Trillion Yen ($1.9 Trillion) in 2012. The Ministry of Finance has decided to inflate the original monthly auctions of 10 year and 20 year bonds by another 100 billion Yen of bonds.
Japan's total debt is expected to hit a record 1 quadrillion Yen in 2011-2012 and the current debt to GDP ration is over 200% on a gross basis.
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