TOKYO, Feb 04 (NHK) –
The Bank of Japan’s unrealized losses on authorities bonds reached 8.8 trillion yen, or about 68 billion {dollars} in December.
The Bank of Japan’s unrealized losses on authorities bonds reached 8.8 trillion yen, or about 68 billion {dollars} in December.
The determine has ballooned by about 10-fold inside simply 3 months because the financial institution’s coverage shift pushed down the costs of long-term bonds.
The BOJ says the present worth of the JGBs it owned on the finish of final yr was over 555 trillion yen, or about 4 trillion {dollars}. That was decrease than the ebook worth.
The central financial institution raised the long-term rate of interest cap in December. That triggered bond promoting and pushed down the costs.
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