The Bank of Japan is finishing the year strong. After losing control of its YCC program where the 10 year bond went from .25% yield to 0.50%, it has announced an extension of the program to the whole #JGB curve. It will now be potentially buying unlimited amounts of Japanese bonds from 2 year to 40 years maturities to control the curve. These programs may be motivated by the recent spike in inflation in Japan, and the impact it may have on the 400% debt to gdp economy. In 2022, due to the #ycc program, the yen spiked from 112 to 150 (currently at 134). The #boj already is the biggest shareholder of Japanese listed stocks as well.
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