Japan’s central bank balance sheet is falling at the quickest pace in history as they attempt to stop the the rapid devaluation of the Japanese Yen. So far it has been ineffective at keeping the Japanese Yen above 160:1 USD and they appear to be losing control of their yield curve on Treasuries.

As Japan is one of the largest buyers of U.S. Treasuries, it’s unclear what happens when Japan is forced to accelerate the drawdown in their balance sheet further. Will the Keynesian fraudsters at the BoJ – who have been even more reckless than the Fed when it comes to radical monetary experiments – be the first central bank to lose control of the debt market?