Tuesday, November 5, 2013

BOJ only buyer of JGBs

The Bank of Japan is now the only buyer of Japanese Government Bonds.   This is what happens in the early stages of hyperinflation.   Next I would expect JGB selling to go faster and faster.  The death spiral could start anytime now.

1 comment:

  1. The thing is all the central banks are colluding to keep exchange rates in line. I don't think one country will "start" the process. It will be a world wide slow then fast rise in prices on some things then everything....


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