(Finance) – The Japanese central bank reported an unrealized loss on its holdings of Japanese government bonds on theincrease in yields global bonds. It’s about the first time in 17 years.
She declared it herself Bank of Japan (BoJ) with a note explaining that it is a “paper” red of 157.1 billion yen on its JGB holdings (Japan Government Bond, the Japanese government bonds), in the financial year 2022 which ended on 31 March.
In the previous year the BoJ had recorded a profit of 4.373 billion a year ago. This is the first time since March 2006 that the central bank has made a full-year loss on its JGB holdings.
In the wake of interest rate hikes by the Federal Reserve and other central banks, global bond yields have risen sharply over the past fiscal year. The 10-year JGB yield climbed as high as 0.545% in January on expectations of a policy change from the Bank of Japan.