Japan fighting deflation with an aggressive QE policy [SoberLook]


Bank of Japan continues to pursue an aggressive and prolonged monetary easing via its QE program. The asset purchasing program has been in place since 2009 but has been accelerated this year. The latest JGB holdings are equivalent to about $1 trillion (excluding bills) vs. the Fed’s portfolio of treasury notes and bonds of $1.6 trillion plus some $0.9 trillion of MBS. So the BOJ has “room” to catch up to the Fed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 4,931 other followers

%d bloggers like this: