🚨 BANK OF JAPAN’S QT: A DECADE OF QE FINALLY REVERSING 🚨
#Japan ’s ¥748 trillion ($4.75 trillion) balance sheet is shrinking, but is it too late to save the yen? After a decade of QE under Abenomics, the yen has been crushed—losing 46% of its value against the USD since 2012.
🌀 KEY HIGHLIGHTS:
▫️ Government bond holdings down ¥18 trillion ($114 billion) since February 2024.
▫️ Corporate bonds & commercial paper have nearly vanished: now less than 1% of total assets.
▫️ Loans shrinking fast: Pandemic-era loans unwound to the lowest levels since June 2023.
💡 Despite this “minuscule” QT, the yen’s battered state is fueling trade deficits and inflation, with CPI at 2.9% in November—its highest in over a year.
THE BIG PICTURE:
The #BOJ ’s late pivot to QT isn’t fixing the deep structural issues caused by a decade of ultra-loose monetary policy. The yen’s decline highlights the cost of “free money” policies:
▫️ Inflation.
▫️ Weaker trade competitiveness.
▫️ Long-term economic imbalances.
📉 A FREEDOM LESSON:
Money printing comes with a price. Protect your wealth against currency devaluation and centralized mismanagement. #Bitcoin fixes this.