MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

MNI (TOKYO) - The Bank of Japan posted JPY13.7 trillion of unrealised losses connected to its Japanese government bond holdings at the end of September, up  from JPY9.4 trillion at the end of March, the BOJ's half year results showed Wednesday. 

The losses were a record high on a half year basis due to the rise in interest rates.

The balance of the BOJ's exchange-traded fund holdings rose to JPY37.2 trillion at the end of September, unchanged from the end of March, with an unrealised profit at JPY33.1 trillion, down from JPY37.3 trillion.

The BOJ posted a net income of a record JPY1.84 trillion in the first half of fiscal year 2024, down from a net profit of JPY1.93 trillion a year earlier.

Assets held by the BOJ at the end of September totalled JPY753.3 trillion, up 1.6% from a year before. The outstanding balance of long-term JGBs held by the BOJ at the end of September totalled JPY585.5 trillion, down 0.3% from JPY586.9 a year earlier. (See MNI INTERVIEW2: BOJ Should Cut JGBs By JPY470 Trln – Yamamoto)

The BOJ's capital adequacy ratio at the end of September was 11.27%, up from 11.17% at the end of March.