For The First Time Ever, Bank Of Japan Total Assets Surpass Japan’s GDP
- For The First Time Ever, Bank Of Japan Total Assets Surpass Japan’s GDP
by Tyler Durden, https://www.zerohedge.com/
For the first time in history, a central bank has managed to print enough money to buy enough assets to surpass the nation’s annual GDP.
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Under the watchful eye of Kuroda, and the overseeing (but independent) hand of Abe, The Bank of Japan’s balance sheet grew to 553.6 trillion yen as on November 10th – that is larger than Japan’s annualized nominal seasonally-adjusted GDP of 552.8 trillion yen (as of the end of June).
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