ZH: Bank of Japan spends a record $81bn to avert collapse, but $10trn JGB market now broken

ZERO HEDGE writes:

Exactly one week ago, when quantifying the dizzying cost of the BOJ’s defense of its Yield Curve Control policy (at the expense of the collapsing yen), Deutsche Bank’s George Saravelos calculated that the “the BOJ printer is on overdrive”, and if the current pace of buying persists, the bank will have bought approximately 10 trillion yen in June. To put that number in context, it is roughly equivalent to the Fed doing more than $300bn of QE per ...