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Bank of Japan

BOJ's unrealized losses on JGB holdings grow to $68.4bn

Central bank's yield cap decision in December played significant role

Bank of Japan Gov. Haruhiko Kuroda on Feb. 3 explains to a lower house committee how unrealized losses on the central bank's holdings of government bonds have drastically increased.

TOKYO -- Unrealized losses on the Bank of Japan's holdings of Japanese government bonds amounted to about 8.8 trillion yen ($68.4 billion) at the end of 2022, Gov. Haruhiko Kuroda said on Friday.

During lower house budget committee deliberations, Kuroda explained that the book value of the central bank's JGB holdings at the end of December stood at 564.1 trillion yen, while their market value was 555.3 trillion yen.

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