At the House of Representatives Budget Committee on the 3rd, Governor Kuroda of the Bank of Japan said that due to the rise in long-term interest rates following the revision of the monetary policy decided in December last year, there was an unrealized loss of 8.8 trillion yen on government bonds held by the Bank of Japan. revealed to have occurred.
In this report, Governor Kuroda revealed that the market value of government bonds held by the Bank of Japan was 555.3 trillion yen as of the end of December last year.
The market value of government bonds fell below the book value, resulting in an unrealized loss of 8.8 trillion yen.
The Bank of Japan said that as of the end of September last year, there was an unrealized loss of 874.9 billion yen, but it has expanded further.
The unrealized loss increased because the Bank of Japan revised its large-scale monetary policy in December last year and raised the upper limit of the fluctuation range of long-term interest rates. is the main factor.
As the BOJ is premised on holding government bonds until maturity, Governor Kuroda said that the financial health of the BOJ would not be affected by an increase in valuation losses.
In addition, Governor Kuroda said, ``I believe that the credibility of the central bank can be secured by stabilizing prices through appropriate monetary policy management. I would like to come.”