Maybe the BoJ doesn’t want to totally crush the yen?
Its much-hyped but minuscule stock ETF holdings are on ice too.
Nikkei 225 is flat with February, when the BoJ started unloading government securities.
All eyes are on the Fed, which will follow. ECB also getting nervous. Other central banks are way ahead.
ECB second giant to taper. Bank of Japan already ended QE. Bank of Canada shed 15% of assets. UK, Australia are tapering. New Zealand quit cold turkey
One of the largest central banks ends QE. End of an era for Japan: Large-scale money printing was one of the three official legs of Abenomics.
A burning question in these crazy times.
The Fed did. Nearly everyone did. Even China nibbled again. Here’s who holds that monstrous $28.1 trillion US National Debt.
Biggest buyers: Mexico, South Korea, Japan, China, Spain, UK. Price spike in February, when Texas froze up, unwound. Asian LNG price spike in January is unwinding.
Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.