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Since it adopted a zero-rate policy two decades ago, Japan’s central bank has gone on to snap up over 40% of the country’s government bond market, blowing its balance sheet out to more than 138% of gross domestic product.

The BOJ’s counterparts are determined to prevent any perception that they become little more than financing agencies for fiscal authorities.

Bloomberg 12 November 2020


How the Covid Crisis Calls for a Makeover at the Fed and ECB

Stephanie Flanders Bloomberg 10 november 2020


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