• Current BOJ plans “will only lengthen the average duration of its government bond holdings to 4 years by the end of this year from 3.5 years previously”, according to calculations by Tokyo-based Japan Macro Advisors.
  • The Fed’s duration is about nine years
  • According to Macro Adivsors: “Something will happen in the next 12 months that will make the Bank of Japan ease the economy further. The answer has to be a twist operation.”

Bloomberg