As a result of the Bank of Japan's continued purchase of government bonds with large-scale monetary easing measures, it turned out that the Bank of Japan now holds more than half of the outstanding balance of government bonds, excluding short-term bonds.
According to the "Funds Flow Statistics" released by the Bank of Japan every three months, the outstanding balance of government bonds held by the Bank of Japan, excluding treasury discount bills issued by the government for short-term cash flow, was 536 as of the end of September this year. trillion yen.
As a result, the ratio of the total amount outstanding was 50.26%, exceeding half for the first time.
The main reason for this is that the Bank of Japan continues to implement large-scale monetary easing measures, such as unlimited purchases of government bonds, to curb the rise in long-term interest rates.
On the other hand, financial assets such as deposits, stocks, and insurance held by individuals reached 2,005 trillion yen at the end of September, surpassing 2,000 trillion yen for the fourth consecutive quarter.
Although it increased by 0.8% compared to the same period last year, the growth rate has shrunk compared to the end of June this year. It seems that it is gradually turning to consumption.
