This news is actually a little hard to interpret.
To quote the article: " The amount will now be diversified into corporate assets "
Japan’s central bank does bailouts of the capitalist class by purchasing stock. It owns 4.7% of all public stock in all of Japan. https://www.bloomberg.com/news/articles/2020-12-06/boj-becomes-biggest-japan-stock-owner-with-434-billion-hoard
So this may not be them moving toward abandoning the dollar (the watcher.guru article mentions that they are selling US and EU bonds but no percentages).
And that renegade Kautsky–very very nasty to me–but that’s ok. he said we couldn’t do it. he said we needed a bourgeois republic. i said we can’t have it.
This news is actually a little hard to interpret.
To quote the article: " The amount will now be diversified into corporate assets "
Japan’s central bank does bailouts of the capitalist class by purchasing stock. It owns 4.7% of all public stock in all of Japan.
https://www.bloomberg.com/news/articles/2020-12-06/boj-becomes-biggest-japan-stock-owner-with-434-billion-hoard
So this may not be them moving toward abandoning the dollar (the watcher.guru article mentions that they are selling US and EU bonds but no percentages).