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.

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