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MNI BRIEF: BOJ Posts Unrealised JGB Losses of JPY9.43 Trln

(MNI) Tokyo
(MNI) TOKYO

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.

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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.

Keep reading...Show less