According to BoJ’s data, total assets held surged to JPY 715T in fiscal 2020, on the central bank’s massive purchases. It was 1.3 times the nominal GDP of Japan, at JPY 536T in the same fiscal year.
Of the assets, JGBs totaled JPY 532T, up 9.5% from a year earlier. Loans to financial institutions jumped 2.3 times to JPY 126T. ETS rose 20.7% to JPY 36T.
Separately, it’s reported that BoJ would extend the pandemic relief program by another six months, at its June 17-18 meeting.
Released from Japan, unemployment rate edged higher to 2.8% in April, up from 2.5%, above expectation of 2.7%. Tokyo CPI core dropped -2.0% yoy in May, unchanged from April’s reading.
