LATELY — 5 August 2006

Australia's national debt paid of by selling land around the Australian Embassy in Tokyo?

My Econ­o­mist Busi­ness Mis­cel­lany (free small book that came with the Economist) claims that during the height of the Japan­ese prop­erty bubble in the 1980s, the Aus­tralian gov­ern­ment paid off its na­tional debt by selling “a small parcel of land around its embassy.” Does anyone know any­thing more about this?