$BTC
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🚨 The Bank of Japan is offloading its balance sheet 📢
The BoJ's government bond holdings (JGBs) fell to ~48% of the total, the lowest in 8 years
This percentage has declined -7 points since the 2022 peak 👀
The BoJ has reduced its monthly JGB purchases from 5.7 trillion Yen in mid-2024 to 2.9 trillion Yen currently under its quantitative tightening (QT) program ⬇️
Furthermore, purchases are expected to decline further to 2.1 trillion Yen per month in early 2027.
Meanwhile, foreign holdings of JGBs fell to ~12% of the total, near the lowest since 2019 ↩️
This means both the BoJ and foreign investors are reducing their JGB exposure simultaneously
Japan’s bond market remains under serious pressure 🙄