Japan press on the Bank of Japan “stealth taper”


  • The Bank of Japan’s government debt holdings have fallen for the first time in 13 years as the central bank quietly adjusts its massive bond-buying program in the face of looming financial risk.
  • The BOJ’s balance of Japanese government bonds totaled 521 trillion yen ($4.49 trillion) at the end of 2021, according to data released Wednesday, down 14 trillion yen from a year earlier.

Down from an eye-watering 535 tln to a marginally less euye-watering 521 tln.

There is plenty more at the piece, link here (may be gated)

Nikkei says the motivation for the reduce tion was ‘tackling risk’


  • BoJ could revise up its FY2022 CPI forecast to the low 1% ranges

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