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.
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