BOJ's paper loss on bond holdings spikes tenfold

Hit to Japan central bank's assets grows to $71bn as yield cap is raised

TOKYO, Mar 18 (Nikkei) - The Bank of Japan's paper loss on Japanese government bond holdings grew more than 10 times at the end of last year from three months earlier as rises in long-term rates undercut the value of the assets.

The market value of the central bank's JGB holdings stood at 554.6 trillion yen ($4.2 trillion) as of the end of December, according to preliminary flow of fund data released Friday. Given that the announced book value of the assets was 564.1 trillion yen, the unrealized loss came to 9.5 trillion yen ($71.4 billion), up from 874 billion yen at the end of September, based on a Nikkei calculation. ...continue reading

Weather authorities urge caution against floods, landslides in Ishikawa

Japan's Meteorological Agency has changed its heavy rain emergency warning for parts of Ishikawa to a warning. But it is still urging people to stay alert for possible floods and landslides in the central prefecture. (NHK)

Flying Car Shows Potential for Disaster Relief

A test flight for flying cars was conducted in Wakayama Prefecture on Saturday, reaching an altitude of 40 meters, demonstrating stability in windy conditions.

Ohtani Hits Milestone with 52-52 Record

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China to Lift Japanese Seafood Ban

Japanese Prime Minister Kishida Fumio says Japan and China have reached an agreement that will lead to the resumption of China's imports of Japanese seafood. (NHK)

Tohoku Shinkansen Unexpected Detaches at 315 km/h

The Tohoku Shinkansen came to a halt for five hours on Thursday due to an unexpected mid-journey separation of the linked Hayabusa and Komachi trains, 30 minutes after passing Furukawa Station with a total of 320 passengers on board.

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