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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI US MARKETS ANALYSIS - USD/JPY Erases Election Rally
MNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
MNI BRIEF: BOJ Posts Unrealised JGB Losses of JPY9.43 Trln
The Bank of Japan announced on Wednesday unrealised losses of JPY9.43 trillion its Japanese government bond holdings at the end of March, due to the rise in interest rates, sharply up from the losses of JPY157.1 billion last fiscal year and a second straight annual.
The rise in unrealised losses will not affect the bank's earnings, as the accounting treatment for JGBs assumes they will be held to maturity. The BOJ posted record high net income of JPY2.29 trillion in fiscal year 2023, up from JPY2.09 trillion a year earlier.
Assets held at the end of March totaled JPY756.4 trillion, up 2.9% from JPY735.1 trillion a year before. The outstanding balance of long-term JGBs totaled JPY585.62 trillion, up 1.6% from JPY576.3 trillion. The unrealized losses came as book value was JPY589.66 trillion yen and actual value JPY580.23 trillion.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.