TyB
Yer still a tenant if mortgage is paid off
Canada AF CFC1 ChallengerTrudopeheading to Vancouver-top left corner
Greater Vancouver Area, British Columbia
1:00 p.m. The Prime Minister and the Premier of British Columbia, David Eby, will visit a clean technology plant. They will be joined by the Minister of Innovation, Science and Industry, François-Philippe Champagne, the Minister of Energy and Natural Resources, Jonathan Wilkinson, the Minister of Citizens’ Services, Terry Beech, and British Columbia’s Minister of Jobs, Economic Development and Innovation, Brenda Bailey.
https://www.pm.gc.ca/en/news/itineraries/2023/11/13/prime-ministers-itinerary-tuesday-november-14-2023
>>19915175 lb
E4B on descent for Davis-Monthan AFB and also location of boneyard for mothballed ACs-they still take parts and the odd whole AC out-think they resurrected a whole B52 outta there a few years ago iirc
>>19914955 lb
Potato continues to SFO and following is SAM340 G5
AF2 continues on to wherever it’s going….looks like SFO too but could be Sacto. to visit hairman but not anywhere near the borders that’s for sure
So misunderstood he was
Foreigners hold more JGBs than Japan banks (not including Bank of Japan) for first time
(That’s because the BoJ owns most of them-and they do acknowledge that below however the graph in the article is from March and the BoJ is upwards of 70% of total ownership. You could argue it’s meaningless since it’s essentially a black hole but they also own upwards of about 75% of the entire equity markets in Japan too-surpassing the public pension fund several years ago. It will be meaningless until (((they))) decide an alternative is needed and what better example to use than this.).
The share of Japanese government bonds held by international investors has risen above that of Japanese banks for the first time as foreign buyers take advantage of Japan's low borrowing costs.
Foreigners held 14.5% of JGBs and other government debt at the end of March, more than the 13.1% held by domestic banks, investment trusts and securities companies, Finance Ministry data shows. Japanese banks' share was down sharply from the nearly 50% seen 15 years earlier. The shift owes in large part to the Bank of Japan's s massive JGB purchases under the monetary easing program launched in 2013, starting at 50 trillion yen a year and accelerating to 80 trillion yen in October 2014. Japanese banks have been the main sellers of bonds to the central bank. Foreign investors' share of JGBs, meanwhile, has roughly doubled over the past 15 years. It grew from around 8% in 2013 to over 10% at the end of 2015.
Persistently low interest rates and a weak yen have created a favorable environment for overseas investors(muh yen carry trade). The low cost of exchanging dollars for yen has fueled demand for JGBs combined with currency hedges.Japan's ratio of debt to gross domestic product, the highest in the Group of Seven, makes the country vulnerable to rising interest rates-currently right around 260% and rising but that is ‘official’ #s…I’d estimate it’s closer to 280%
Someone hit muh yen earlier today as it made a run at 152 see cap 3 here-straight down is pretty much the signature left by “help”. >>19914758 pb
The Finance Ministry estimates debt servicing costs at 29.8 trillion yen in fiscal 2026 with 10-year JGB yields at 1.6%, and 33.4 trillion yen if yields rise another percentage point above that.
https://asia.nikkei.com/Business/Markets/Bonds/Foreigners-hold-more-JGBs-than-Japan-banks-for-first-time
General government gross debt for Japan (from St.Louis Fed)
https://fred.stlouisfed.org/series/GGGDTAJPA188N
They’ve done a good job on it over the last few hours considering this short trade isn’t called “the widowmaker” for no reason
https://tradingeconomics.com/japan/currency
>Japan may sneak some in to try and get muh yen a little lower (moar valuable) to end this and start off next year as it is still pegged to 150 after making a run at 152 earlier today look at that dump…no intervention there…kek
They had an emergency intervention meeting in early 2019-after our markets dropped for a few months and then magically turned upwards and dint look back on the first trading day of 2019-these two things are linked-when it was around 110 vs $ iirc
>>19915533 PF:Trudope to Vancouver and Potato/AF2/Nightwatch update
>>19915890 Foreigners hold more JGBs than Japan banks (not including Bank of Japan) for first time
AF2 on ground at SFO with Potato on descent behind
“Us”