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BoJ Wants You To Know They Are Not The Black Swan You’re Looking For

BoJ Wants You To Know They Are Not The Black Swan You’re Looking For

1 min read
Yeah, so about an hour before Donald Trump delivered his "Shates" of the Union on Tuesday evening, the BoJ increased bond purchases at its regular ops in the 3-5Y bucket in a readily apparent effort to "prove" that the market got it "wrong" earlier this month when everyone "misinterpreted" a trimming of 10-25Y buying as a sign that Kuroda is thinking about how to slowly normalize policy against a backdrop of improving macro and inflation expectations. If you recall, that paring of 10-25Y purch
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