Which Foreign Countries Bought the Recklessly Ballooning US Debt: An Increasingly Crucial Question. Many Piled it up. Cleanest Dirty Shirt? by Wolf Richter • Oct 19, 2024 • 114 Comments Foreign investors had a big appetite all year for Treasury securities. But China lost interest, Japan struggled with the yen.
US Stocks Open into Mess but Whiff of Panic Fades after Japan Crashed 12% Today, 20% since BOJ Ended Free Money by Wolf Richter • Aug 5, 2024 • 121 Comments This week starts out somewhat ugly. AI-hype-driven rally is losing hot air.
Japanese Stocks Plunge, Yen Rises from the Ashes as BOJ Hikes, Ends Free Money, and Starts QT by Wolf Richter • Aug 2, 2024 • 49 Comments Over the two days since the BOJ’s rate hike & QT kickoff, the Nikkei has plunged 8.2%.
Bank of Japan Hikes by 25 Basis Points and Starts QT: Too Little Too Late but in Right Direction to Prop Up the Plunging Yen by Wolf Richter • Jul 31, 2024 • 26 Comments The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%.
The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July Update by Wolf Richter • Jul 18, 2024 • 86 Comments Who is still buying the US debt is an increasingly important question. Here are the foreign investors.
Yen Drops to 161 against USD. -34% since 2020, -53% since 2012. Currency Collapse Comes to Mind. Bank of Japan Finally Gets Nervous about its Crazed Monetary Policies by Wolf Richter • Jun 26, 2024 • 94 Comments A collapsed yen is not good for Japan, which has had a trade deficit for years. And it contributed to energy price shocks.
The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up by Wolf Richter • Jun 19, 2024 • 120 Comments As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite.
Bank of Japan Ended QE as the Yen Got Crushed by Wolf Richter • Jun 4, 2024 • 54 Comments Too little too late? Japan had trade deficits for years; a crushed yen is not good. Needed now: Big QT & rate hikes to bail out the yen.
Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo by Wolf Richter • May 28, 2024 • 40 Comments Huge month-to-month jumps for second month in a row as businesses jack up their prices for new fiscal year.
Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 by Wolf Richter • Apr 16, 2024 • 180 Comments Turns out, collapse of the currency is the price Japan is now paying for years of crazed monetary policies.
