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.
Bank of Japan Keeps Making its Loosest-Ever Monetary Policy Slightly Less Loose in Tiny Steps at Slowest-Ever Snail’s Pace by Wolf Richter • Mar 19, 2024 • 85 Comments Which devalued the yen by a Third-Worldish 30% against the USD in two years as other central banks hiked in big increments and started QT.
Japan’s Nikkei 225 Stock Index Hits New All-Time High after 34 Years, Thank You Hallelujah Bank of Japan Money Printing by Wolf Richter • Feb 22, 2024 • 79 Comments But if you invested USD three years ago following Buffett’s hype, you lost 5% because the yen crashed, thank you hallelujah BOJ.
US Office CRE Mess Is Spread Far and Wide across Investors & Banks Globally. US Banks Eat only a Portion of the Losses by Wolf Richter • Feb 5, 2024 • 93 Comments Japanese, Canadian, and European banks started to confess. And for over a year, huge losses have hit investors, not banks.
Stock Markets Years & Decades after Huge Bubbles Imploded: China, Hong Kong, Japan, UK, France, Germany, Italy, and Spain by Wolf Richter • Dec 31, 2023 • 146 Comments This cannot possibly happen to US markets because US markets are special?
Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt? by Wolf Richter • Dec 20, 2023 • 111 Comments China and Brazil shed large portions of their holdings, but the top financial centers loaded up.
Yen Gyrates Lower as Japan Goes for Weak Yen, Higher Government Bond Yields, but Moves Must Be Orderly by Wolf Richter • Nov 13, 2023 • 81 Comments They will never hand full control over yields to the market.
Time to Look at Foreign Demand for the Incredibly Ballooning US National Debt by Wolf Richter • Jul 19, 2023 • 92 Comments As China unloaded Treasury securities and Japan propped up the yen, other countries loaded up.
