TOKYO, Feb 04 (NHK) - The Bank of Japan's unrealized losses on government bonds reached 8.8 trillion yen, or about 68 billion dollars in December.
The figure has ballooned by about 10-fold within just 3 months as the bank's policy shift pushed down the prices of long-term bonds.
The BOJ says the current value of the JGBs it owned at the end of last year was over 555 trillion yen, or about 4 trillion dollars. That was lower than the book price.
The central bank raised the long-term interest rate cap in December. That triggered bond selling and pushed down the prices. ...continue reading
