Gross Says Central Bank Forgiving Debt Is Only Endgame for Japan
- Other countries may go a similar route, he says in interview
- U.S. needs a Volcker to normalize interest rates, Gross says
Bill Gross: Fiscal Policy Is a Requirement
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Billionaire bond investor Bill Gross said the only way for Japan to eventually cut its debt burden is for the central bank to acquire it and forgo repayment, a scenario that may play out in similar ways in other countries.