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India has pushed ahead of Japan as the world’s fourth-biggest economy after sustained high growth, New Delhi says. Economic pace has apparently picked up more quickly than expected and India may soon claim third place.



I think you misunderstand what the Bank of Japan is. It is a central bank, so it does not take deposits from households, and buys government debt by controlling money supply (i.e. printing money). It holds around 46% of Japanese government debt, far more than domestic insurance companies and domestic banks (~15% each).