HY Multi Sector.Media. Cable & Satellite Figure 38: Rolling 12 month balance sheet changes from the big 4 central banks 3,000 Fed NONE Sof P..R aim BoJ —Total Dec- I7 Zhiwel aging, Ph.D. 2.500 Chief Economist 2,000 +862-2203 8308 1500 1.000 Yi XiOng. Ph 0. 500 Economist 0 +852-2203 6139