BoJ’s Nishimura highlights demography link to asset bubbles

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Kiyohiko Nishimura, a deputy governor of the Bank of Japan, on Monday highlighted an observed correlation between asset market bubbles that cause macroeconomic crisis and demographic changes.

At the 75th Anniversary Conference of Keynes' General Theory at the University of Cambridge, Nishimura said: "The bubble we have experienced coincided closely with the turning point in demographic trends. Such demographic perspective casts serious doubts on the view that little has changed in the

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