2min chapter

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Japan: The Great Global Macro Driver with Taka Kato

Market Depth

CHAPTER

The Transition From Governor, Pro to Governor

The bank Japan currently holds on balance sheet, which is about over a little bit over half of JGBs of the Japanese government's debt outstanding. I think he'll take it very slow in terms of any sort of changes that's being made. He probably was a bit more playful with the market and seem to enjoy kind of surprises and kind of tweaks and so on. So I would think that any changes would be very gradual to start. And from there, you know, it's a question of is it inevitable that they have to unwind it or are they going to try to reflect the data way.

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