Japan is indeed good at stabbing from behind. While everyone’s attention is fixed on the Middle East conflict, with the US and Iran fighting fiercely and oil prices fluctuating wildly, Japan’s neighbor to the east quietly pulled off a “cut from beneath the waterline” move.

On March 4th, at 7:30 PM Eastern Time in the US, which is the early morning in Japan, the Bank of Japan suddenly held an emergency monetary policy meeting. Such “late-night emergency calls” usually mean something big has happened at home or they’re about to drop a heavy bomb. Sure enough, right after the meeting, the news broke: to save its already shaky stock market, Japan decided to officially sell off its holdings of US ETF (Exchange-Traded Fund) products, amounting to a staggering $620 billion.
Over the past decade or so, the Bank of Japan has been arguably the world’s largest “hidden market maker” in the stock markets. To stimulate the economy, they implemented a policy called “Unconventional Quantitative Easing,” which included aggressively buying Japanese stock ETFs. This move made the Bank of Japan the largest single shareholder in Tokyo’s stock market. It’s estimated that their ETF holdings once approached this scale at peak. But now, the problem is that Japan’s domestic economy hasn’t taken off as expected, and things are getting complicated.
The BOJ’s plan is very clever: if they can’t put out the fire at home, they have to “grab” some resources from outside to fill the gaps. How? By selling assets for cash. What are their most valuable, most liquid assets? Not gold, not bonds—it's the ETFs they hold, which are deeply tied to the US market, or rather, the huge US stock-related assets they hold through complex financial instruments.
This is the critical moment of “stabbing from behind.” What is the current international situation? The US-Iran conflict is in full swing, and the US is on high alert. US military deployments in the Middle East require enormous funds, and domestic inflation pressures haven’t fully eased. The Federal Reserve is worried about how to maintain interest rate stability. At this critical juncture, what Wall Street needs most is stability and confidence.
But Japan’s plan to sell $620 billion worth of assets is like pouring salt on Wall Street’s most vulnerable wound. Think about it—what does $620 billion mean? It’s not a small number; it’s roughly the total market value of some large US tech stocks or the trading volume of the entire US ETF market over a few days. Once this massive sell-off hits the market, the chain reaction triggered will definitely be catastrophic.
Brother Dao thinks this is like two armies facing off: the US is taking fire upfront, while its allies behind are not only refusing to send ammunition but are actually emptying their logistics warehouses to patch their own holes. This behavior can truly be called “stabbing from behind.” Let’s see how the US will retaliate next. #中东信息汇总# #美伊以冲突# #中东局势 势#特朗普称伊朗战事接近尾声
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