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The Bank of Japan (BOJ) has reported significant financial milestones for fiscal 2023. The BOJ paid a record 2.17 trillion yen (approximately $14 billion) to the Japanese government, the highest amount since 1998. This payment was largely derived from gains on exchange-traded funds (ETFs) and bond interest. The total value of the BOJ's ETFs now exceeds 74 trillion yen, with the bank sitting on a record 37 trillion yen in gains from its ETF purchases. Despite these gains, the BOJ faces unrealized losses of 9.43 trillion yen on its Japanese government bond holdings due to rising yields. The BOJ's contributions to the government's coffers, totaling $13.8 billion, were part of an unconventional monetary policy to fight deflation.
The Bank of Japan has contributed a record $13.8bn to the government's coffers in fiscal 2023, reaping profits from holdings of exchange-traded funds and bonds that it had bought under an unconventional monetary policy to fight deflation. https://t.co/D1qrjATQMZ
BOJ faces record 9.43 tril. yen appraisal bond loss on rising yields https://t.co/T7WY6c4gIu
The Bank of Japan paid a record of nearly $14 billion to the government on ETF gains... Printing money to buy stocks and in the process watch your currency get destroyed. What a moment in history...
The Bank of Japan paid a record of nearly $14 billion to the government on ETF gains... Printing money to buy stocks and, in the process watch your currency get destroyed What a moment in history...
BREAKING NEWS UNREALIZED LOSSES FOR THE BANK OF JAPAN ON JAPANESE GOVERNMENT BOND HOLDINGS REACHED 9.43 TRILLION YEN AS OF THE END OF MARCH A tragic comedy continues to get played in real-time in Japan.
BOJ pays record $14bn to government on ETF gains and bond interest https://t.co/eI3E8EGiG7
BOJ now sitting on a record 37 trillion yen in gains as a result of its ETF buying, with total value of its ETFs now over 74 trillion yen. https://t.co/TVuVcUV0ct
Bank of Japan Reports Record Stock Gains for Last Financial Year https://t.co/m69DW8cZPJ
BOJ: JAPAN PAID 2.17 TRLN YEN IN STATE COFFERS IN FISCAL 2023, HIGHEST AMOUNT SINCE 1998