If you want to see something really weird in the coming months, just take a look at the Japanese bond market: the new super-intervention by the BOJ will be something you have never seen
(original publishing date 11/03/14)
So the story is quite simple: every month Japan will issue new bonds for 10 trillion yens, and guess what ? Every month the Bank of Japan will monetize bonds for 12 trillion yens.
Those are weird numbers, aren’t they ?
Technically, the BOJ could now buy the 100% of new bonds issued by Japan, and the central bank would still have room for another 2 trillion yens bonds that already exist on the market.
Keep an eye on the bond market, if this scenario really becomes real, then expect the 0% nominal yield to be reached soon.