Am I right in thinking that this whole thing creates an artificial demand for dollars? Is that an arrangement between Japan and the USA, or is it just coincidental?
Discussion
isn't it more to sustain demand for US bonds. if the yen collapses the BOJ has to be unload their Treasuries.
massive swap lines before the end of the year
No, it actually created a demand for Yen. In order to pay back the the borrowed yen, traders needed to sell their dollars and acquire yen.
Yen go up. 