Japanese Yen Sinks to New Depths As BOJ Resumes Money Printing.

#japan #currency #inflation #interestrates

Today we will look at the Bank of Japan (BOJ) and how it is between a rock and a hard place as the debt tsunami comes home to roost.

After tweaking their Yield Curve Control policy last week the BOJ resorted to open market operations for the first time since February to buy another $2 billion in JGBs or Japanese Government Bonds.

My conclusion is that what is happening in Japan will eventually come to the West and especially the US, the UK, and the Eurozone as our debt mountains continue to pile up.

Bank of Japan conducts special bond-buying operation, 1st since Feb. 22: https://mainichi.jp/english/articles/20230731/p2g/00m/0bu/014000c

Ex-BOJ chief pushed board into powerful monetary easing: 2013 minutes: https://mainichi.jp/english/articles/20230731/p2g/00m/0bu/008000c

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