....now we know why the BoJ is extremely terrified about making the wrong moves on rates, because if it is attacked by the bond vigilantes, Japan could be in serious trouble.
....unfortunately, it is a situation that Japan will have to live with for a considerable time.
....JPY intervention is barely respected.
THIS IS ABSOLUTELY INSANE: Bank of Japan owns 53% of the national bond market! These government bonds are worth a WHOPPING ¥585 trillion or $3.64 trillion. This is higher than the value of ALL world economies except the largest 3. It will never be fully unwind. https://x.com/GlobalMktObserv/status/1810587814448291872
