Mind The Stealth Taper----Even BOJ Is Bellying Up To The QT Bar

In June, total assets on the Bank of Japan’s balance sheet dropped by ¥3.79 trillion yen ($34 billion) from May, to ¥537 trillion ($4.87 trillion). It was the third month-over-month drop in seven months, and the first such drops since late 2012, when the Abenomics-designed blistering “QQE” (Qualitative and Quantitative Easing) kicked off. So has the “QQE Unwind” commenced?

 

https://wolfstreet.com/2018/07/04/bank-of-japan-takes-away-punch-bowl-balance-sheet-declines/

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