September 3, 2026

BOJ Quantitative Tightening: Shredding Yen

A giant industrial shredder destroys Japanese yen against the Tokyo skyline, illustrating the Bank of Japan’s quantitative tightening. The image accompanies the Macro Watch video, Japan’s Monetary Reversal Could Wipe Out Trillions, which examines how reversing decades of extraordinary monetary easing could affect Japanese interest rates, the yen carry trade and global financial markets.