But the debts held by the Bank of Japan (BoJ) could still be written off. In Japan’s case, this would reduce government debt by an amount equal to more than 40% of GDP today, and around 60% if implemented after the bond purchases planned for 2014.
但他的建议却没有被采纳；大量的日本财政赤字其实是通过发债支撑的。但日本银行所持有的债务却依然是可以被注销的。对日本来说，这将可以削减相当于当前GDP总额40%的政府债务，如果在2014年计划的债权购买计划后实施的话甚至可以达到60%。