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2016-05-21 — wordpress.com
``The BOJ created a framework last fiscal year that permits it to set aside part of the interest income from its JGB holdings, which have ballooned through the bank's massive monetary easing program... The BOJ pays most of its net income to the government, and this payment will decline if the bank sets aside reserves... from a short-term perspective, the lower payment to the government means that taxpayers will shoulder a heavier burden. So while the BOJ's monetary easing may be propping up the economy and consumer prices, taxpayers essentially are picking up the tab.''
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