BOJ Asset update
I sort of stopped watching what the BOJ was doing for a while, and when I went back to look at it…well here's what the balance sheet looks like. This is in JPY, of course, but if we do a little math, we notice that this ends up being 4.14 trillion USD, or about 92% of what the FOMC is holding. Of course, Japan's GDP is somewhat smaller…if we divide both numbers by the respective GDP values, we see that the BOJ is holding 98% of Japanese GDP in total assets, while the Fed holds about 24% of US GDP.
Oh heck here's what that looks like.