BoJ’s balance sheet now larger than country's GDP - Reuters
|The Bank of Japan (BoJ) data released on Tuesday showed the Japanese central bank has become the first among G7 nations whose balance sheet is worth more than the country’s entire economy.
Key Highlights (via Reuters):
The 553.6 trillion yen ($4.87 trillion) of yen assets the Bank of Japan holds are worth more than five times the world’s most valuable company Apple Inc. and 25 times the market capitalization of Japan’s most valuable company Toyota Motor Corp.
They’re also bigger than the combined GDPs of five emerging markets — Turkey, Argentina, South Africa, India and Indonesia.
Japan’s nominal gross domestic product for the April-June, the latest data available, was an annualized 552.8207 trillion yen.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.