Governor Kuroda: The Decade’s Most Consequential Central Banker
Forward Guidance
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Investing in JGBs - What Happened to the Banks?
The GPI have decided to make you know changes in their asset holding composition and rebalanced to own less domestic JGBs that yield nothing. BOG goes from only 10% to 36% as largest holder of JGBs within three years of taking office under quota but pensions and insurance companies proportions of ownership didn't really change the marketOkay so who got squeezed out banks did banks went from being the largest owners of JGBS outstanding at 40% the to then just being only 24% or so in 2016 okay? That's the class of market participants that got shoved out of the game during the corona era and now banks own 10% and BOG owns over 50%.
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