#Breaking News

Record Losses for the Bank of Japan

⚡️ The unrealized losses of the Bank of Japan from government bonds reached $198 billion in the fiscal year 2024, marking a new record.

⚡️ These losses have tripled compared to the previous year, which recorded around $66 billion.

⚡️ The reason? The rapid increase in bond yields:

The yield on 10-year Japanese bonds has doubled to ~1.5%

And the yield on 30-year bonds jumped ~70 basis points to ~2.5%

⚡️ The rise in yields over the past two months has increased pressure on the Bank of Japan, with an unprecedented acceleration in the pace of paper losses.

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Markets are watching!