After all, how can officials from the Federal Reserve to the Bank of Japan even pretend to know how to reverse what they’ve done over the past decade? As I und

After all, how can officials from the Federal Reserve to the Bank of Japan even pretend to know how to reverse what they’ve done over the past decade? As I understand the US Fed plan, treasuries bought under QE would be allowed to mature without buying replacements. These assets were purchased with a variety of maturity dates. In other words, the bonds simply disappear on their own - not all at once but gradually. The problem in Japan is much worse because the central bank has bought ETFs directly and is now a major holder. https://asia.nikkei.com/Economy/BOJ-is-top-10-shareholder-in-40-of-Japan-s-listed-companies https://asia.nikkei.com/Economy/BOJ-is-top-10-shareholder-in... Any unwinding of the BOJ position would lead to major disruptions.