BOJ returns to black in April-Sept: sources

November 28, 2017

Tokyo- The Bank of Japan will shortly report a net income of over 500 billion yen for April-September, in a turnaround from a net loss a year earlier, informed sources said Monday.

The net profit for the fiscal 2017 first half is attributable to the yen's easing against the dollar and other currencies, the sources said. In the same period last year, the BOJ logged the red ink of 200.2 billion yen due to losses on its foreign currency-denominated assets amid the Japanese currency's appreciation.

The sources also said the central bank's total assets at the end of September hit a record high above 510 trillion yen, reflecting its continued massive buying of Japanese government bonds, the sources also said. Of the total, the amount of long-term JGBs exceeded 400 trillion yen. Jiji Press