[Levin]

MON, JUL 04, 2022 - 7:18 PM


THE Bank of Japan (BOJ) now owns half of outstanding Japanese government bonds (JGB) issued in the market, data showed on Monday (Jul 4), a sign the bank’s aggressive buying to defend its 0.25 per cent yield cap is bloating an already huge balance sheet.

The data underscores the cost the central bank is paying to keep global upward pressure on yields from pushing up Japan’s borrowing costs.

The balance of JGBs held by the BOJ stood at 517.24 trillion yen (S$5.33 trillion) as of end-June

......

As a result, the BOJ owned a record 50.4 per cent of outstanding JGBs issued in the market

......

The central bank’s increasing presence in the bond market, however, has drawn criticism from market players for distorting the yield curve and crushing proper market functions.

It also rolls back years of efforts the BOJ had made to wean itself off quantitative easing (QE)-style bond buying, and prevent its balance sheet from expanding further.


Read full report at: https://www.businesstimes.com.sg/governm...-yield-cap

[sgbuffett]

This is equal to QE.

[singlon]

yawn
not QE
Blackhole
work is thankless



only after stabilising within +0.25
can it b handed over to QT-QE
currency over world goods and services 37T
making a total of 137T
lockdowns will be used to slow money velocity if need b to prevent hyperinflation
when u have a potential blackhole u need the policeman in the centre between Deflationary blackhole and inflationary hole or u fly blind.

[singlon]

The policeman
work mapped out for him an interim measure

[singlon]

eterna love
https://youtu.be/kG_jqf1CP3o?list=RDkG_jqf1CP3o

[starbugs]

Quite silly to buy bonds when there is no recession in the country. When a real recession comes, the BOJ will have no more firepower to do QE.

[lylcnn]

indirectly manipulating currency as well.