Don’t Tell Germany Draghi Is About To Monetize 90% Of Bond Issuance

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

The next time anyone is stupid enough to mention monetary policy “normalization”, either have them read this:
The Bank of Japan’s expansion of record stimulus today may see it buy every new bond the government issues. The BOJ said it plans to buy 8 trillion to 12 trillion yen ($108 billion) of Japanese government bonds per month under stepped-up stimulus it announced today. That gives Governor Haruhiko Kuroda leeway to soak up the 10 trillion yen in new bonds that the Ministry of Finance sells in the market each month.
Translated: the BOJ will monetize 100% of all Japanese debt issuance (source).
… And this:

This post was published at Zero Hedge on 12/22/2014.