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Rudi Dornbusch's 'overshooting' model…. Invisible bond vigilantes. Suppose… they suddenly demand that Japanese 10-year bonds offer a rate of return 200 basis points higher than US 10-year bonds.
Shachihata, a well-known stamp maker in Japan, hinted it might be able to help to develop the product, and after three months the company revealed trial sales for its first model.
A new device aimed at tackling sexual harassment on crowded trains and public transport has sold out just half an hour after it went on sale in Japan.
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