The total assets of the Bank of Japan reached a record high of over 736 trillion yen as of the end of last year.
As a large-scale monetary easing measure, we promoted the purchase of long-term government bonds and financial support for companies.
According to the financial results announced by the Bank of Japan last year, total assets as of the end of March reached a record high of 736,253.5 billion yen, an increase of more than 21 trillion yen from the previous fiscal year, or a 3% increase.
While pursuing asset purchases through large-scale monetary easing, the holdings of long-term government bonds increased, and loans increased significantly due to the financing support of companies affected by the new Corona.
Last month, the Bank of Japan decided to take measures to buy unlimited government bonds at a specified yield every day in order to curb the rise in long-term interest rates, and it is expected that the holding balance of long-term government bonds will further increase.
The Bank of Japan has made it clear that it will continue monetary easing for the time being, but it seems that the expansion of total assets will have a greater impact on the financial markets in the so-called "exit strategy" that reduces monetary easing. There are also concerns.
Regarding this, the Bank of Japan's Governor Kuroda said at the Budget Committee of the House of Representatives on the 26th, "I admit that it is not easy, but it is quite possible to combine various means and do it appropriately while ensuring the stability of the financial market. The Bank of Japan is likely to be required to steer difficultly over exit strategies in the future.