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Or the CBs are on a path to debase simultaneously??
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Just that is what I was thinking too, I think it's too early to say, but one thing I know for sure, Japan can't go on like this for long, a big crisis has to come to the country for its citizens to wake up, I don't know if most Japanese people are aware of their situation, with a strongly declining demographic, being the most indebted economy in the world and with salaries frozen for a very long time.
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They will force institutions to take the mass of newly issued bonds on their balance sheets to inflate the sh.t out of us
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This may be the case, but perhaps it's too early to tell, it may just be a momentary thing and continue to depreciate.