TOKYO (XFN-ASIA) - The Bank of Japan had 112.12 trln yen in assets as of March 31, down 22.6 pct from a year earlier, the Nihon Keizai shimbun said, quoting a central bank report.
The amount was the lowest level recorded at the end of a fiscal year in seven years, the paper said.
After terminating zero interest rates, the BOJ has been reducing its supply of funds to the market. Thus, its holdings of short-term Japanese government bonds and other products it buys through fund-pumping operations declined.
The central bank's holdings of long-term JGBs also fell, even though it continues to purchase 1.2 trln yen in such bonds every month. The decrease is attributed to the Finance Ministry's repurchase and retirement of government debt as well as to a high level of redemption, the report added.
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