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Bank of Japan Ends its Massive QE that Started when Abenomics Became Economic Religion of Japan
In terms of the absolute mountain of assets the Bank of Japan purchased over the years, it is one of the top three QE monsters, along with the Fed and the ECB. In relationship to GDP, the BoJ’s total assets are #2, behind the tiny Swiss National Bank, which runs the unique racket of using the overhyped strength of the swiss franc to print large amounts of it and buy securities denominated in foreign currencies, including large amounts of US stocks; but it’s not buying securities denominated in Swiss francs. Total assets on the BoJ’s balance sheet generally decline every third month as large amounts of long-term ... (full story)