Those who worry that the increase in reserves caused by cash transfers to households will cause inflation or create major central bank balance sheet problems down the road, no longer need to oppose this policy. (philosophyofmoney.net)
The level of nominal GDP is now lower than it was in 1995 and this is complicating the challenge of correcting Japan's ongoing business and bank balance sheet problems (Graph 6). (rba.gov.au)
Comparing the current challenges of the U.S. to Japan's experience, he said the United States has a balance sheet problem similar to Japan's 15 years ago. (cnbc.com)