Bank of Japan (BOJ) Warns Japanese Banks That They Own Too Many CLOs

Desperate for yield, 2 large Japanese zombie banks now own about 15% of all CLOs and the Bank of Japan (BOJ), Japan’s central bank is worried. But, maybe they shouldn’t have done financial repression/Japanification then so banks were so desperate for yield and willing to buy CLOs? BOJ warns of rising financial vulnerability as banks hunt for yields BOJ says banks vulnerable to falling prices of corporate loans if global economy worsens htt