ECB’s Balance Sheet Almost The Size of Japan’s Entire GDP (While Japan’s Inflation Rate Is ZERO)

And you think Janet Yellen and The Fed have an inflation problem!

Japan is currently experiencing ZERO inflation.

But the European Central Bank’s balance sheet is nearly as large as Japan’s entire GDP!

20170718_gdp

Japan’s sovereign yield curve is negative for maturities of less than 8 years. And a yield on their 40 year bond of just above 1%??

Like Puerto Rico and the State of Illinois, Japan is experiencing a decline in their working age population while its share of population over 65 is over 25%.

 

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