The following is the continuation of the previous chapter.
Let's define the obligation of repayment to the government, the debt with obligation to interest payment, that is, the government bonds held by others than the BOJ, as "real debts."
Certainly, the central government's overall debt to GDP ratio continues to rise.
In 2015, the central government's total debt to GDP ratio reached 200%, and the Ministry of Finance tells the media and the underlying scholars and critics, "The debt of the country exceeds twice the GDP. It will fail in this way. It is a tax increase. It is a tightening fiscal austerity", let them shout, and it is deploying propaganda.
However, looking at the government and the BOJ in an integrated manner, looking at the ratio of real debt excluding the Bank's holdings to GDP, it is decreasing from 2013 onwards.
In other words, fiscal consolidation has been achieved.
Due to the quantitative easing policy of the Bank of Japan, finance is already being sounded in Japan.
However, silly bureaucrats, politicians, scholars, critics, economists who have kept screaming over the past decades and "Japan will collapse in the debt of the country!" Will not admit this simple fact.
When the Bank of Japan buys government bonds, the government's debt virtually disappears.
Looking away from this "absolute truth", lying to the people, they concealed the fact that Japan is fulfilling fiscal consolidation, it continues campaign with as it is ten years a day, "It will fail in the debt of the country!”
I cannot keep company with them.
Because they have kept lying to decades for many years, it is said that "No, in fact, there is no possibility that the Japanese government will financially collapse, and fiscal consolidation has already been achieved" they cannot do it.
By the way, the mass media with a strong influence from the Treasury will never report only the fact that the debt of the Japanese government virtually disappears when the Bank of Japan buys government bonds because the Japanese government's debt is 100% Japanese yen.
The writer is also a TV program of the recording series, many had had the same problem (only the part there is being cut by editing).
That's why I continue harassing (to the Treasury Department) to reveal facts on live broadcasts.
The reader also certainly knows the fact, I want you to spread around.
Our budget has already been healthy.