Bank of Japan’s QT Cuts $502 billion from Balance Sheet. JGB Yields Surge as BOJ Steps away from Bond Market

In the quarter through December, total assets on the Bank of Japan balance sheet fell by ¥18.0 trillion (-$115 billion) from the prior quarter, and by ¥70.2 trillion year-over-year, according to the BOJ’s balance sheet data today. Total assets, now down to ¥677.8 trillion ($4.33 trillion), are at the lowest level...