Currency-Denominated Assets: Year and Boj

currency-denominated assets: Much of the profit will go to state coffers, according to The Japan Times. The central bank will officially announce its earnings for the year by the end of the month. Surplus, the corporate equivalent of net profit, expanded to some 500 billion in fiscal 2016 ended in March, from 441 billion the previous year, the sources said. In the April-September fiscal first half, the BOJ posted a deficit, or net loss, after getting weighed down by foreign-exchange losses incurred from its holdings of foreign currency-denominated assets when the yen rose. The BOJ's total assets at the end of March, much of which were JGBs, grew to a record high of some 490 trillion, up from 405 trillion a year ago, the sources said. The BOJ managed to more than erase the loss for the full year because the appreciation was corrected in the second half. (news.financializer.com). As reported in the news.