BoJ JGBs holdings hit record in March

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According to the latest data published by the Bank of Japan (BoJ), the central bank’s holdings of Japanese government bonds (JGBs) hit a record at the end of March.

“The BoJ’s holdings of JGBs stood at JPY582 trillion ($4.42 trillion) as of March 31, up 10.6% from a year earlier, and a record for the end of the fiscal year 2013.”

“The central bank purchased a record JPY136 trillion yen in the year through March, almost double the amount in the previous year, separate data showed earlier this week.”

At the time of writing, USD/JPY is trading on the back so far this Good Friday, ranging around 131.65 following rejection just shy of the 132.00 level.

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