The Bank of Japan announced its financial results for fiscal 2020 last year, and as a result of continuing to purchase assets through large-scale monetary easing, total assets as of the end of March exceeded 700 trillion yen.

The market capitalization of ETFs = exchange-traded funds, which have increased purchases due to the spread of the new coronavirus infection, is over 51 trillion yen.

According to the financial results of last year announced by the Bank of Japan, the total amount of total assets as of the end of March was 714.5566 trillion yen, an increase of 110.72 trillion yen, or 18%, from the previous year.



This is 1.3 times the size of Japan's GDP last year = gross domestic product.



Lending to financial institutions increased 2.3 times to 125,840.2 billion yen by implementing additional monetary easing including financial support measures for companies in order to respond to the spread of the new coronavirus infection, and the stock market The amount of ETFs purchased to curb instability increased by 20% to 35,879.6 billion yen.



According to the Bank of Japan, the market price of ETFs is more than 51 trillion yen, which is about 7% of the market capitalization of stocks listed on the First Section of the Tokyo Stock Exchange.



The Bank of Japan revised its policy to purchase ETFs when the market became unstable in the "inspection" of monetary easing measures implemented in March, but it holds a large number of stocks with large price fluctuations. Risks continue to grow.