Wednesday, June 16, 2021

Tag: Even at the Bank of Japan

QE Party Is Drying Up, Even at the Bank of Japan

by Wolf Richter, Wolf Street:

Despite repeated speeches to the contrary.

As of September 30, total assets on the Bank of Japan’s elephantine balance sheet dropped by ¥5.4 trillion ($33 billion) from a month earlier, to ¥537 trillion ($4.87 trillion). It was the fourth month-over-month decline in a series that started in December. This chart shows the month-to-month changes of the balance sheet. Despite all the volatility, the trend since mid-2016 is becoming clear: