It is the 20th of September 2019

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Is The BoJ About To Shock Markets Anew Tonight?

Nikkei Asian Review's William Pesek wonders if the BoJ is about to shock the markets again as pressure is mounting on Kuroda to save Abenomics...

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In "Mysterious" Bond Sale, Venezuela Issues $5 Billion In Debt To Itself With China As Underwriter

While Venezuela CDS suggest the country's default odds remain well over 90%, and its currency on the black market continues to plunge into the abyss of hyperinflation, something odd happened today: Venezuela’s government issued $5 billion in dollar debt for the first time in more than five years, selling bonds in an opaque transaction to the state bank Banco de Venezuela SA and the central bank, Reuters and Bloomberg report. What makes this "unorthodox operation" particularly strange, is that the government is effectively selling debt, and raising dollar funds from itself - it owns both the Banco de Venezuela and the central bank; it is also strange in that the transaction, according to Reuters, does not immediately bring in new funds for the cash-strapped OPEC nation.

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