Government bonds held by the Bank of Japan exceed 589 trillion yen, the highest ever at the end of the fiscal year. The Bank ofJapan shifted its large-scale monetary easing policy in March, but the focus has been on handling government bonds, which it holds in large quantities.

Going forward, the focus will be on how to deal with assets such as government bonds held in big quantities. The amount held in ETFs (exchange traded funds) was 37,186.1 billion yen, an increase of more than 140 billion yen compared to the end-of-the-year.