The Bank of Japan (BoJ) plays a significant role in the Japanese economy, owning approximately 80% of the country's exchange-traded funds (ETFs) and 7% of the entire Japanese stock market, as reported by Morningstar and the Tokyo Stock Exchange. Additionally, the BoJ holds around 55% of Japanese government bonds, indicating substantial market distortions. In contrast, the Bank of England has been actively reducing its balance sheet, cutting it by 23% since 2022, with total assets as a percentage of GDP decreasing from 49.0% to 31.6%. Meanwhile, the People's Bank of China (PBOC) has injected 38.9 billion yuan into the market through open market operations and conducted a 7-day reverse repo worth 172.6 billion yuan at an interest rate of 1.5%. The PBOC also sold 1-month monetary policy deposits amounting to 120 billion yuan at a rate of 2.16%. These actions reflect ongoing monetary policy adjustments in major economies.