Bank of Japan Balance Sheet QT: -¥12 Trillion in Q2, -¥39 Trillion from Peak, to ¥717 Trillion. Sold Nearly All its Bank Stocks by Wolf Richter • Jul 7, 2025 • 28 Comments Quantitative Tightening accelerated further. With its bank stocks gone, the BOJ may start selling its equity ETFs soon.
The Somewhat Bedraggled US Dollar against the Euro, Yen, Canadian Dollar, Dollar Indices, and Soft Currencies like the Indian Rupee by Wolf Richter • Jun 24, 2025 • 38 Comments No longer the cleanest dirty shirt.
Japan’s 30-Year and 40-Year Bonds Crater, Yields Spike, Huge Mess Coming Home to Roost. Yen Carry Trade at Risk by Wolf Richter • May 20, 2025 • 115 Comments The BOJ’s QT, inflation that’s higher than in the US, an atrocious fiscal mess, a devalued yen, it all comes together.
Bank of Japan’s QT Accelerates, 2 Years Behind the Fed & ECB, but Now Visibly Part of the QT Party by Wolf Richter • Apr 7, 2025 • 14 Comments BOJ Quantitative Tightening: -¥18 trillion (-$120 billion) in March, -¥27 trillion YoY, to ¥729 trillion total assets, lowest since December 2022.
Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold by Wolf Richter • Mar 31, 2025 • 114 Comments The surge of the “nontraditional reserve currencies.”
Inflation Spikes to 4.0% in Japan, Much Worse than in the US. BOJ Babied its Rate to Just 0.5%, with More Baby Hikes in View by Wolf Richter • Feb 21, 2025 • 51 Comments The strategy: Let inflation rip to bring the horrible debt-to-GDP ratio down. Households & yield investors pay for it. Turns out, no free lunches after all.
Bank of Japan Balance Sheet: QT Takes Off, Assets Drop to Lowest in 15 Months by Wolf Richter • Jan 7, 2025 • 36 Comments Too little too late to help the yen that got mauled by 10 years of rampant QE.
Global Stocks over the Long Term: the S&P 500, the Big Standout vs the Markets of Japan, China, Hong Kong, India, UK, France, Germany, Italy, Spain, and Canada by Wolf Richter • Jan 1, 2025 • 53 Comments And how the decline of the yen and rupee impacted USD investors in Japanese & Indian stocks.
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts by Wolf Richter • Nov 22, 2024 • 64 Comments Amid renewed inflation worries and above-average economic growth.
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.
