Economist Sheard explains how some government debt doesn’t have to be repaid

Tuesday, September 19, 2023

Paul Sheard

PanOrient News

TOKYO: “Government debt doesn’t have to be repaid per se,” economist Paul Sheard said in a press conference in Tokyo on Tuesday September 19.

The former Vice Chairman of S&P Global was talking about Japan’s debt to itself. While the Japanese government has an enormous debt of around $10 trillion, around half of that is to itself. Sheard used the example of a husband and wife in the same household. One or the other could borrow and pay the bills, but it’s all the s...

Myanmar seeks to boost economic, investment ties with Arab countries

Sunday, June 18, 2023

Myanmar Commerce Minister U Aung Naing Oo

Khaldon Azhari

NAY PYI TAW- (Myanmar): Myanmar seeks to enhance cooperation with Arab countries in trade, investment and other sectors counting on the country's potential, U Aung Naing Oo, Minister of Commerce of Myanmar, said in an interview with PanOrient News at his office in the political capital of the country.

Minister Naing Do, responsible for handling export/ import issues, consumer affairs, export promotion to the international market and protecting intellectual property rights...

When Too Much Monetary Good Cheer Can Become a Curse

Thursday, December 24, 2020

By Anthony Rowley
Special to PanOrient News

TOKYO: It was Christmas Eve and Scrooge sat in his counting house next to the US Federal Reserve building on Washington's Constitution Avenue. His image was different to that of Charles Dickens' character - the miser sitting alone in a dark and cold office with only a single candle for light and warmth.

This Scrooge looked distinctly prosperous and well-fed. Logs blazed in the fireplace and Scrooge (who somewhat resembled Fed chairman Jerome Pow...