India has pushed ahead of Japan as the world’s fourth-biggest economy after sustained high growth, New Delhi says. Economic pace has apparently picked up more quickly than expected and India may soon claim third place.
India has pushed ahead of Japan as the world’s fourth-biggest economy after sustained high growth, New Delhi says. Economic pace has apparently picked up more quickly than expected and India may soon claim third place.
I think you misunderstand what the Bank of Japan is. It is a central bank, so it does not take deposits from households, and buys government debt by controlling money supply (i.e. printing money). It holds around 46% of Japanese government debt, far more than domestic insurance companies and domestic banks (~15% each).