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BOJ Asset update

  • Mon, Jan 23, 2017 - 04:40pm

    #2

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3082

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    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.