BOJ Assets almost Equal Japan's GDP
Newsfrom JapanEconomy Politics
Tokyo, Nov. 28 (Jiji Press)--The Bank of Japan said Wednesday that its total assets as of end-September had grown to a record 545 trillion yen, nearly matching Japan's nominal gross domestic product of 546 trillion yen in 2017.
The asset increase was due to the central bank's massive purchases of Japanese government bonds under its current ultraeasy monetary policy.
Of the total, JGBs accounted for 462 trillion yen, or over 80 pct.
The BOJ's total assets stood at 164 trillion yen at the end of March 2013, immediately after Haruhiko Kuroda assumed the post of bank governor. The total has more than tripled since then as a result of the bank implementing the unprecedented easing to achieve its 2 pct inflation target.
Meanwhile, the bank set aside 222.9 billion yen in reserves in April-September for possible losses on its future exit from the current massive easing.
[Copyright The Jiji Press, Ltd.]