Cash-hungry Governments Across the World Seize Inactive Bank Accounts

Reblogged from Consortium of Defense Analysts:

JAPAN

Julian Ryall reports for the South China Morning Post, Jan. 21, 2014, that the Japanese government, saddled with a public debt that is running at 214% of GDP, is planning to raid dormant private bank accounts to boost its bottom line.

The ruling Liberal Democratic Party and its main ally in government, New Komeito, are planning to submit a bill to allow the government to access…