Bank of Japan Takes Away Punch Bowl, Balance Sheet Declines
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Was “QQE” just a pretext for bringing the government bond market under control to avoid a Greek-style debt crisis? 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, … Read more