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

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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