Japan Is Fast Approaching the Quantitative Limits of Quantitative Easing
Time for a Plan (Perpetual) B, says Jefferies.
Bank of Japan Monetary Policy and the Yen
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The Bank of Japan is running out of government bonds to buy.
The central bank's would-be counterparties have become increasingly unwilling to sell the debt that monetary policymakers have pledged to buy, and the most recently issued 30-year Japanese bond didn't record a single trade during a session last week as existing owners opted to hoard their holdings.