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MNI BRIEF: BOJ Bond Losses Hit JPY875 Bln; First Since 2006

(MNI) Tokyo
(MNI) Tokyo

The Bank of Japan recorded its first unrealised losses on Japanese government bonds since 2006 due to rising bond yields caused by central bank rate hikes.

The unrealized loss on JGBs totaled JPY874.9 billion across April-September, making it the first loss since 2006 and the biggest unrealized loss since 1998. It marked a reversal from last year's JPY4.37 trillion profit.

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The Bank of Japan recorded its first unrealised losses on Japanese government bonds since 2006 due to rising bond yields caused by central bank rate hikes.

The unrealized loss on JGBs totaled JPY874.9 billion across April-September, making it the first loss since 2006 and the biggest unrealized loss since 1998. It marked a reversal from last year's JPY4.37 trillion profit.

Keep reading...Show less