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BOJ holdings of Japanese gov't bonds hit record 128 tril. yen.

TOKYO, June 19 Kyodo

The outstanding balance of Japanese government bonds held by the Bank of Japan hit an all-time high 127.88 trillion yen at the end of March, up 43.8 percent from the previous year, the central bank's quarterly survey showed Wednesday.

The surge apparently reflects the BOJ's expanded purchases of the bonds amid the ultra-loose monetary policy pursued by former Governor Masaaki Shirakawa.

The outstanding balance of Japanese government bonds increased 5.3 percent to 969.12 trillion yen, with the BOJ's holdings accounting for 13.2 percent. Government bonds held by domestic banks dropped 0.9 percent to 158.70 trillion yen as financial institutions sold some of their bond holdings to the BOJ.

Government bonds held by overseas investors grew 6.5 percent to 81.55 trillion yen, also a record high on the basis of the fiscal year-end, the BOJ said.

Meanwhile, financial assets held by Japanese households increased 3.6 percent to 1570.60 trillion yen, rising for the fifth straight year, attributed partly to higher market values of stocks stemming from the weakening yen and rising share prices.
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Publication:Japan Weekly Monitor
Date:Jun 24, 2013
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