The Bank of Japan Steps Up

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The Bank of Japan Steps Up

Latest weekly balance sheet data from major Central Banks reveal a “slowdown” in liquidity growth: now at 29% compared to the previous two weeks’ circa 34% average ( 3m ann.). The G4 (exc. China) equivalent has seen a similar dip to 35%, vs. near-40%. PBoC liquidity injections have faltered once again, and the US Fed and ECB have tempered liquidity growth. In contrast, there has been a step-up by the Bank of Japan.

 

 

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