The Bank of Japan is shrinking its balance sheet at a record pace:
The Bank of Japan’s bond holdings dropped by -6.2 trillion Yen in Q1 2025, the most on record.
Over the last 5 quarters, the BoJ's holdings have now declined by -14.2 trillion Yen.
As a result, the BoJ's… pic.twitter.com/JJjLSzhyka
— The Kobeissi Letter (@KobeissiLetter) June 18, 2025