Without assets to generate the cash that Seiyu needs to cover its interest bill, the firm could collapse.

ECONOMIST: Japanese retailing: Look out | The

Jointly owned assets generally pass on to the joint owner without going through probate, but for assets without a joint owner or designated beneficiary, you may have to change the way the assets are held in order to avoid probate.

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So, on average, the Fed is going to make profits even without the assets backing currency notes.

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