Central Bank – BOJ Outright Purchases of JGBs
Central Bank – BOJ Outright Purchases of JGBs Will the Bank of Japan (BOJ) continue to buy Japanese government bonds as part of its yield curve control policy? Image: BofA Global Investment Strategy
Central Bank – BOJ Outright Purchases of JGBs Will the Bank of Japan (BOJ) continue to buy Japanese government bonds as part of its yield curve control policy? Image: BofA Global Investment Strategy
Central Banks – Quarterly Pace of Fed, ECB, BoJ, BOE Net Purchases (Quantitative Easing – QE) The pace of global central bank purchases is expected to turn negative in Q1 2022. Image: BofA Global Research
Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research
QE in 2020 and Central Banks (the Fed, ECB and BoJ) Central banks’ QE should support financial markets next year. Image: Gavekal, Macrobond
FED, ECB & BoJ Balance Sheets as Percent of GDP (BoJ leading 10 years) Is this chart the “Japanification” of the world? Image: In Gold We Trust-Report
G4 Central Bank Balance Sheet The combined G4 central bank balance sheet (Fed, ECB, BoJ, BoE) should continue to expand further. Image: J.P. Morgan
G4 Central Bank Balance Sheet, Flow The combined G4 central bank balance sheet (Fed, ECB, BoJ, BoE) is expected to expand further. Image: J.P. Morgan
G4 Central Bank Balance Sheet as % of GDP and MSCI World Index G4 central bank balance sheet (Fed, ECB, BoJ, BoE) as % of GDP is expanding. Image: Jeroen Blokland
Japan Stock Market Japan holds more than 4% of the domestic stock market, making the BoJ the top shareholder of more than 55 companies in the Nikkei 225. Image: Macrobond Financial