QT instead of Rate Hikes to Put a Floor under Plunging Yen: Bank of Japan Sheds 15.6% of its Massive Assets

Late to the QT game, it’s even selling its equity holdings outright.

Nothing on its balance sheet is sacred.

By Wolf Richter for WOLF STREET.

The Bank of Japan started quantitative tightening late in the game, and only reluctantly, after the yen had plunged against other currencies and couldn’t find a bottom.

But since the BOJ started QT [...] The post QT instead of Rate Hikes to Put a Floor under Plunging Yen: Bank of Japan Sheds 15.6% of its Massive Assets appeared first on CBNC.

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